BlackRock's Venture into Tokenization with BUIDL Fund Raises Investor Interest
Thursday, 21 March 2024, 05:09
BlackRock Delves Into Tokenization With BUIDL Announcement
BlackRock's revelation of BUIDL on Wednesday offers qualified investors a unique avenue to earn US dollar yields via blockchain.
Key Points:
- Significant $100 million transaction in USDC stablecoin on Ethereum network
- Endorsement of fund's potential to revolutionize blockchain investments
- BNY Mellon’s involvement bridges digital and traditional financial realms
Robert Mitchnick, BlackRock’s Head of Digital Assets: “This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients.”
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