Reported Earlier, BlackRock Unveils BUIDL, Its First Tokenized Investment Fund on Ethereum Blockchain
Portfolio Pulse from Benzinga Newsdesk
BlackRock has launched BUIDL, its first tokenized investment fund on the Ethereum blockchain, allowing qualified investors to earn U.S. dollar yields. Investors can subscribe to the fund through Securitize Markets, LLC, in which BlackRock has made an investment to enhance digital assets infrastructure.
March 21, 2024 | 7:31 am
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BlackRock launches BUIDL, its first Ethereum blockchain-based tokenized fund, targeting U.S. dollar yields for qualified investors.
The launch of BUIDL represents a significant step for BlackRock into the digital assets space, potentially attracting new investors interested in blockchain and digital currencies. This move could enhance BlackRock's reputation as an innovator, likely having a positive impact on its stock in the short term due to increased investor interest and the potential for new revenue streams.
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