BlackRock launches first tokenized fund 'BUIDL' on Ethereum
BlackRock has announced the launch of its first tokenized fund, BUIDL, on the Ethereum network, according to BusinessWire. The fund is officially called the BlackRock USD Institutional Digital Liquidity Fund. "The product will be available to qualified investors through Securitize, a...
BlackRock has announced the launch of its first tokenized fund, BUIDL, on the Ethereum network, according to BusinessWire. The fund is officially called the BlackRock USD Institutional Digital Liquidity Fund. "The product will be available to qualified investors through Securitize, a blockchain-based security token platform, among other channels. In addition, Biddle will pay investors directly in new tokens each month in the form of total daily dividends. Biddle's initial ecosystem participants include Anchorage Digital Bank, BitGo, Coinbase and Fireblocks".
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