BlackRock Files For Mystery-Sized Tokenized Asset Fund After CEO Larry Fink's Thumbs Up
Portfolio Pulse from Mehab Qureshi
BlackRock Inc (NYSE:BLK) has filed with the SEC to create a new fund focused on tokenized assets, named the BlackRock USD Institutional Digital Liquidity Fund, in partnership with Securitize. The fund, based in the British Virgin Islands and founded in 2023, aims to attract capital with a minimum investment threshold of $100,000, allowing investments up to $100 million. This development aligns with the market's optimism for Ethereum-based ETFs, following the SEC's approval of Bitcoin ETFs. BlackRock's move into tokenization reflects a broader industry trend towards digital financial assets.
March 20, 2024 | 7:13 am
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BlackRock Inc is launching a tokenized asset fund, indicating a strategic move into digital asset management.
BlackRock's entry into tokenized assets, through a significant partnership and with a substantial investment threshold, signals a strong commitment to digital asset innovation. This move is likely to be viewed positively by investors, given the growing interest in blockchain and digital assets, potentially leading to an increase in BLK's stock price in the short term.
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