🚀🚀Hot Development: BlackRock is Waiting at the Door of This Altcoin to Prefer It, Not Ethereum 🚀🚀

The relationship between cryptocurrencies and the real world is moving to a new dimension with the participation of trillion-dollar giants. States' official recognition of cryptocurrencies, large companies considering this field as "new finance" and especially integration with real world assets (RWA) have taken crypto to a whole new level. In this context, BlackRock is looking for opportunities to focus on certain altcoins.

MakerDAO (MKR)

The DAI stablecoin, which everyone knows, is issued by MakerDAO. This stablecoin is backed by solid reserves such as US bonds. Considering the risks posed by other alternatives holding Bitcoin or other assets in their reserves, it makes sense to hold billions of dollars of US bonds. It is planned to convert $1 billion of the $5 billion DAI reserves into "tokenized US bonds". BlackRock's tokenized fund called BUILD stands out in this regard, but it is not the only one. Other players such as Superstate and Ondo Finance have also joined the race in this space. BUILD recently crossed the $500 million threshold, and if it can convince MakerDAO, the fund's value could jump to $1.5 billion in a few days, which means a 300% growth.

“This is an extremely positive step for MakerDAO and it is very important for BlackRock to include BUILD here,” said Carlos Domingo, CEO of tokenized platform Securitize, BlackRock's issuance partner.

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