BlackRock Enters Asset Tokenization Race With New Fund on the Ethereum Network
Mar 20 2024 | 6:27 PM
BlackRock Launches Its First Tokenized Fund BUIDL on the Ethereum Network
BlackRock, the world's largest asset manager, has launched its first tokenized fund, BUIDL, on the Ethereum network. The fund will invest in a basket of digital assets, including cryptocurrencies and tokenized real-world assets. This move by BlackRock is a significant development in the asset tokenization space and could help to legitimize the industry. It is expected to be a major catalyst for the growth of the tokenization market and the development of new tokenized investment products.
BlackRock's entrance into the asset tokenization space is a major sign of the growing institutional interest in this technology. Tokenization has the potential to transform the way that assets are traded and managed, and it is expected to have a major impact on the financial services industry in the years to come.
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