Global investment manager BlackRock announced on Wednesday the launch of its first tokenized fund powered by the Ethereum blockchain. The BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL, is designed to offer qualified investors a new way to earn US dollar yields through subscriptions via Securitize Markets, LLC.

According to on-chain data, BUIDL was initially seeded with $100 million USDC after BlackRock filed with the US Securities and Exchange Commission (SEC) to launch it on March 15.

Commenting on the launch, Robert Mitchnick, BlackRock’s Head of Digital Assets, said Go to Source to See Full Article
Author: Vivian Nguyen

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