🚀 Blackrock Seeds Ethereum -Backed Digital Liquidity Fund With $100 Million
Having surpassed MicroStrategy in the size of its holdings amid the furious success of spot Bitcoin ETF, the world's largest asset manager has taken "the next step forward" toward a single ledger, instantaneous settlement and ending illicit activities, in the view of CEO Larry Fink.
Yesterday night , #blackrock , the world's largest asset manager, has filed for the BlackRock USD Institutional Digital Liquidity Fund. This marks the launch of BlackRock's first tokenized asset fund.
💁♀️ According to the filing, BlackRock created the fund in 2023 itself but has yet to launch it. The fund was created under the jurisdiction of the British Virgin Islands.
It will be #tokenized on the Ethereum #blockchain with an ERC-20 token called BUIDL, which currently has one holder and a $0 on-chain market cap.
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