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BlackRock, a renowned financial asset management company, ushers in a new era of investment settlement. This is because your tokenized fund, called BUIDL (BlackRock USD Institutional Digital Liquidity), can be settled in USDC, the stablecoin issued by Circle.

BUIDL, operating on the Ethereum network, aims to provide US dollar income to qualified investors. Its innovation lies in the inclusion of USDC as a settlement option, offering an agile and efficient exit for holders of tokenized assets.

This move is highlighted as a unique opportunity for investors, providing a near-instant exit ramp from the fund, 24/7. According to BlackRock, this agility aligns with the fundamental principles of tokenized assets: speed, transparency and efficiency.

According to Jeremy Allaire, CEO of Circle, asset tokenization represents an important dimension in solving the challenges faced by investors. BUIDL, represented by an ERC-20 token, resembles a stablecoin, maintaining a stable value of $1 per token and distributing daily dividends to investors.

BlackRock innovates with crypto settlement

The underlying assets of the BUIDL fund include cash, U.S. Treasury securities and repurchase agreements. BlackRock acts as fund administrator, while BNY Mellon bank custodians the assets, ensuring interoperability between digital and traditional markets.

This move is not only a continuation of BlackRock’s foray into digital assets, but also an indication of its growing interest in the tokenization of real-world assets (RWA). This trend, which will gain prominence in 2024, promises to offer promising opportunities for investors.

It is worth noting that in January, BlackRock launched its Bitcoin (BTC) spot ETF, operating under the ticker IBIT. This ETF has become one of the most successful, reaching a market capitalization of 10 billion dollars in record time, consolidating the company’s position at the forefront of financial innovation.

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