BlackRock Launches New Tokenization Fund
March 21, 2024
Asset manager BlackRock is launching a new tokenization fund for real-world assets (RWA) on the Ethereum network. The USD Institutional Digital Liquidity Fund product will be represented by the BUIDL token, backed by US Treasury bonds, cash, and repurchase agreements. Securitize will serve as the transfer agent and tokenization platform in this tokenization, in which BlackRock has made a strategic investment.