Blackrock, the world’s largest asset manager, has launched its first tokenized fund, the Blackrock USD Institutional Digital Liquidity (BUIDL) fund, which will operate on the Ethereum blockchain. The new fund will invest in US Treasury bills, repos, and cash, offering a stable value of $1 per token and dividends in the form of tokenized USD yield to qualified investors.
BlackRock’s tokenized fund blurs lines between traditional and crypto – Bernstein
