On March 19, BlackRock revealed that it is preparing to offer a fund through a partnership with digital asset tokenization specialist Securitize.
According to a filing to the US Securities and Exchange Commission, the Wall Street giant plans to launch the “BlackRock USD Institutional Digital Liquidity Fund.” However, the total size of the fund was not disclosed.
It feels very good for Ethereum, commented Galaxy CEO Mike Novogratz on March 20.
This feels very important for $Eth!!! https://t.co/UJVnIhm5pJ
— Mike Novogratz (@novogratz) March 19, 2024
BackRock Pivot to RWA
The fund will be based on the Ethereum blockchain and will trade under the ticker BUIDL. The Ethereum address hosting it had its first transfer around two weeks ago, according to Etherscan. It contains 100