Investment management giant BlackRock (BLK) has created a fund called the BlackRock USD Institutional Digital Liquidity Fund, according to a document filed with the U.S. Securities and Exchange Commission (SEC).
The fund, incorporated in the British Virgin Islands, will be launched in partnership with asset tokenization firm Securitize.
The tiling does not reveal what assets the tund will hold, but Securitize's presence potentially suggests the product has something to do with the tokenization of real-world assets, or RWA - industry jargon for representing ownership of a wide range of assets through a token on a blockchain. After BlackRock's filing came out, Ondo Finance's native token ONDO jumped as much as 20%, and is up 12% over the past 24 hours outperforming the broad-market CoinDesk 20 Index (CD20) and bitcoin (BTC). Ondo runs a RWA platform.
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