Ethereum

Bank

Cryptocurrency

BlackRock

After an air of anticipation among financial and cryptocurrency analysts, BlackRock, a prominent investment firm, revealed significant details regarding its tokenized asset fund on Wednesday. Named ‘BUIDL,’ this innovative fund will be constructed on the Ethereum network, marking&nbsp;<a target="_blank" href="https://cryptoticker.io/en/breaking-news-blackrock-ethereum/" rel="noopener noreferrer nofollow">BlackRock&nbsp;</a>inaugural venture into issuing a tokenized fund on a public blockchain platform.&nbsp;
The BlackRock USD Institutional Digital Liquidity Fund was initially registered in the British Virgin Islands in the preceding year. BlackRock stated in its announcement, “BUIDL will provide investors with significant advantages by facilitating the issuance and trading of ownership on a blockchain. This initiative expands investor access to on-chain offerings, ensures instantaneous and transparent settlement, and permits transfers across platforms.”
BlackRock shared that the initial investment minimum for the fund stands at $5 million, which is a considerable jump from what was mentioned in its&nbsp;<a target="_blank" href="https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml" rel="noopener noreferrer nofollow">SEC filing released</a>. The filing didn’t specify the fund size but noted that the minimum investment accepted from external investors would be $100,000. Investors could apply with amounts ranging from $1 to $100 million.
To ensure a smooth connection between Ethereum and traditional financial markets, BlackRock has teamed up with Bank of New York Mellon, a trusted global provider of investment services. BNY Mellon will handle the custody of the Fund’s assets and oversee its administration.
BlackRock has also brought onboard Securitize Markets, LLC, an SEC registered transfer agent, to add an extra layer of expertise to its operations.
<h2 id="h-what-does-this-mean">What does this mean?</h2>
It describes the process of&nbsp;<a target="_blank" href="https://cryptoticker.io/en/top-5-rwa-tokens-to-buy/" rel="noopener noreferrer nofollow">tokenizing assets</a>, which involves converting traditional financial assets into digital tokens that are then stored and traded on a blockchain platform, specifically Ethereum in this case.
Tokenization offers several benefits:
1. Increased Accessibility: Investors gain easier access to a wider range of investment opportunities through tokenized assets.
2. Instantaneous and Transparent Settlement: Transactions involving tokenized assets can occur in real-time and are recorded transparently on the blockchain, eliminating delays and enhancing transparency.
3. Interoperability: Tokenization enables seamless transfer and trading of assets across different platforms and networks.
4. Enhanced Security: Blockchain technology provides a secure and immutable record of ownership for tokenized assets, reducing the risk of fraud or manipulation.
In this context, BlackRock’s partnership with Bank of New York Mellon and Securitize Markets, LLC underscores the importance of trusted custodians and transfer agents in facilitating the tokenization process and bridging the gap between traditional financial markets and blockchain-based assets.
<h2 id="h-buy-cryptocurrency-with-bitget-with-the-cheapest-fees">Buy Cryptocurrency with Bitget with the CHEAPEST Fees</h2>
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;stands out as a reliable crypto exchange. It provides a user-friendly interface, making it easy for both beginners and experienced traders to navigate and make transactions at the lowest fees on the market. To get started with&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>, you need to create an account, complete the necessary KYC procedures, and then you can begin trading a variety of altcoins available on the platform.

BlackRock Launches ‘BUIDL’ Asset Fund on Ethereum

目次

CryptoTicker ENG

2024年4月23日公開の他の記事

Best Memecoin Presales

Raboo (RABT) Captures Community Spotlight as NEAR and Litecoin Prices Surge

Bitcoin Price Analysis: BTC Bulls Defend $60K Support, Analyst Predicts “Rally to $100K” on Key C...

4 Small-Cap Altcoins To Buy For 50X Potential Post Bitcoin Halving Parabolic Rally

Tesla and Bitcoin Performance Clash in Stock Markets

Solana’s On-Chain Metrics Dip, Bulls Eye Comeback Past $162

ニュースレターを購読して暗号資産の最新情報を毎日入手！