BlackRock unveiled the BUIDL tokenized fund earlier this month, deepening its foray into digital assets after launching a spot Bitcoin ETF.
BlackRock’s planned tokenized fund launch “brings legitimacy” to public smart contract chains like Ethereum, according to analysts at research and brokerage firm Bernstein.
BlackRock unveiled plans for its tokenized money market fund earlier this month with financial services firm Securitize, deepening its foray into digital assets after launching a spot Bitcoin exchange-traded fund in January. “This would act as the first major test case for institutional holders to experience 24*7 instant settlement benefits of the blockchain with increased transparency and improved capital efficiency, at reduced operating costs,” the analysts said. “For an institutional holder using liquid funds as margin/collateral, there are significant benefits to counter-parties with increased transparency and capital efficiency from instant settlement.
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