$ETH
BlackRock launches its first tokenized fund on a public blockchain
Attention crypto community 📢 The asset management giant BlackRock has taken a significant step in the world of Web3 by launching its first tokenized fund on a public blockchain. The fund, named BUIDL, will operate on the Ethereum network and aims to offer institutional investors exposure to digital assets in a more accessible and efficient manner.
According to reports, BUIDL will invest in tokenized assets such as stablecoins and tokenized U.S. Treasury bonds. This move by BlackRock, a company with trillions of dollars in assets under management, could mark a turning point for institutional adoption of decentralized finance (DeFi) and the tokenization of real-world assets (RWA).
What implications do you think this move by BlackRock will have for the future of finance and the adoption of blockchain by major institutions? Share your thoughts in the comments.