Real-world asset tokenization firm, Securitize, has announced the launch of conversions between Circle's stablecoin and U.S. dollars for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). This integration aims to reduce investment costs and simplify the subscription process for traditional finance players investing in BUIDL. The conversion service will be facilitated by blockchain infrastructure company Zero Hash. The move comes as tokenized real-world asset funds, like BUIDL, gain popularity, with BUIDL surpassing $375 million in assets under management in April. The fund allows institutional investors to earn yields on U.S. dollars through tokenized shares representing investments in secure assets.
- Content Editor ( decrypt.co )
- 2024-10-15
Securitize Launches USDC Conversions for BlackRock's Digital Liquidity Fund