BB Token × BlackRock! Limited to 1000 "Black Rock" NFTs available for free minting, opening a new era of asset securitization in CeDeFi
BounceBit today announced a strategic partnership with global asset management giant BlackRock to jointly launch the first CeDeFi asset securitization NFT - BBPrime. This NFT represents on-chain ownership of shares in BlackRock's Bitcoin ETF, and holders can earn dual rewards by staking the NFT: a base yield from ETF dividends (annualized 3.8%), plus BB token rewards distributed by the BounceBit platform (annualized 2.5%), resulting in a total yield of 6.3%. The first batch of 1000 NFTs will be available for free minting starting August 15, requiring KYC certification completed through the BounceBit official website and staking 1000 BB tokens.
Technical Innovations:
1. Compliant Minting: The underlying asset of the NFT is provided by BlackRock's iShares Bitcoin ETF, with daily net asset value (NAV) recorded on-chain through Chainlink oracles, fully complying with SEC regulatory requirements for tokenization of securities.
2. Liquidity Design: NFT holders can trade instantly on BounceBit's NFT AMM market, with the platform providing liquidity support from market makers to ensure the buy-sell spread is below 0.5%.
3. Automated Earnings: Dividend income will be distributed daily in USDC to users’ wallets, while BB token rewards will be settled weekly, supporting automatic reinvestment to maximize compounding effects.
Market Value: The issuance of this NFT marks a leap for CeDeFi from the "DeFi + CeFi" model to the stage of "institutional assets on-chain." According to BlackRock's estimates, if the issuance of BBPrime NFTs exceeds 100,000, the on-chain proportion of its managed Bitcoin ETF shares will reach 5%, driving a 200% increase in BounceBit platform TVL.
Participation Method: Minting eligibility is based on a whitelist system, and proof of BB token staking and BlackRock account association must be submitted through the BounceBit official website by August 10. Successful minters will also receive a custom physical commemorative badge from BlackRock.
