BlackRock Launches Tokenized Equity Fund

This venture is made in partnership with Securitize, a financial services firm known for its focus on digital securities.

This move from BlackRock marks a deep venture into digital assets, signaling a major milestone in institutional cryptocurrency investment.

BlackRock Deepens Footprint in Digital Asset Space

The announcement came following BlackRock’s submission of a Form D to the SEC last Thursday. Form D is a notice required for companies offering securities that are exempt from full SEC registration. The document outlines the USD Institutional Digital Liquidity Fund, requiring a minimum $100,000 investment from external investors.

The filing revealed that the fund’s sales commissions are estimated at $525,000, and interestingly, no finder’s fees were reported. Although lacking a launch date, the notice shows BlackRock’s aim to innovate in digital asset management with blockchain-based products.

Securitize Markets, known for digital asset compliance, will conduct the sale. This partnership emphasizes the crucial role of regulatory compliance for institutional involvement in the dynamic digital asset space.

More About Blackrock

According to Etherscan, BlackRock USD Institutional Digital Liquidity Fund (BUIDL) was created on the Ethereum blockchain on March 5th. The token has a maximum supply of 100 tokens, highlighting its exclusive nature, yet, as of now, it has only one holder. This indicates the fund’s initial phase and cautious rollout strategy.

Finally, BlackRock’s venture with Securitize into tokenized funds marks a major step in merging traditional finance with digital assets. BlackRock uses blockchain to expand its offerings and pioneer large asset managers’ engagement with the digital economy.


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