BlackRock 🏦 has launched a new real-world asset (RWA) tokenization fund on the Ethereum network 🌐, diving into the asset tokenization arena with a bang! 💥
They've made a strategic investment 💸 in the tokenization platform, Securitize, and partnered with big names like BNY Mellon for asset custody 🤝.
The fund, represented by BUIDL tokens, is backed by cash, U.S. Treasury bills, and repurchase agreements, offering daily yield payouts via blockchain to token holders 📈.
This move underscores the growing intersection of traditional finance and digital assets, marking BlackRock's deeper exploration into digital asset solutions 🚀.
$ETH