Last night BlackRock elaborated on its plans for its first digital fund on the Ethereum blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a money market fund that aims to offer a stable $1 value. It also confirmed it invested in tokenization partner Securitize, which is acting as transfer agent, tokenization platform and placement agent.
“We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize,” said Robert Mitchnick, BlackRock’s Head of Digital Assets.
The BlackRock statement added that “Tokenization remains a key focus of BlackRock’s digital asset strategy.”
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