Securitize, the issuer of Tokenized Real-World Assets (RWA), announced that it has cooperated with digital asset service provider Zero Hash. Qualified institutional investors can now subscribe to the BlackRock tokenized fund $BUIDL through $USDC. .
Securitize improves the on-chain investment experience!
Previously, BlackRock's $BUIDL subscription involved fiat currency settlement in the traditional banking system. Investors needed to transfer U.S. dollars to the Securitize fund management platform through their bank accounts in order to subscribe to BlackRock's tokenized funds, resulting in higher handling fees and Settlement is time-consuming; after integrating the subscription platform with Zero Hash, Securitize customers can directly subscribe for $BUIDL on the chain through $USDC, thereby reducing handling fees and achieving instant settlement. This move not only greatly simplifies the operation process, but also allows Securitize to expand its audience from TradFi investors to DeFi users.
BlackRock moves into tokenized RWA sector
In March 2024, BlackRock launched its first tokenized fund $BUIDL, whose reserves are based on U.S. Treasury bonds (short-term bonds), U.S. dollar cash and repurchase agreements, allowing $BUIDL to maintain a 1:1 anchor value to the U.S. dollar. $BUIDL holders can enjoy part of the yield on short-term government bonds and bank deposit interest, and $BUIDL token income will be directly distributed to the holder's account every month.
According to RWA.xyz, $BUIDL belongs to the tokenized U.S. Treasury bond sector, and its market value surpassed the leader on the track, Franklin Tokenized Fund $FOBXX, within two months of its issuance. As of now, the total market value of the tokenized U.S. debt sector has reached US$2.37 billion, of which the top three RWA tokens are $BUIDL (US$557 million), Ondo Finance’s $USDY (US$439 million) and $FOBXX (US$437 million). billion U.S. dollars).
Source: RWA.xyz Market value of tokenized U.S. bond sector
Securtize integrates cross-chain bridges to break down blockchain silos
Securitize has recently been developing towards "optimizing user experience" and has recently (9/20) cooperated with Wormhole, a leading cross-chain project, with the goal of breaking the island effect caused by the fragmentation of public chain liquidity. Through the functional integration of the Wormhole cross-chain protocol, Securitize allows assets to be seamlessly transferred between different public chain networks, further enhancing the cross-chain liquidity of RWA. This advantage will enable institutional investors to maximize asset management and transfer. ization flexibility. This series of initiatives not only demonstrates Securitize’s continued commitment to the convenience of tokenized asset operations, but also represents that BlackRock, which is authorized to issue $BUIDL, is vigorously promoting the development of the RWA sector and is expected to accelerate the adoption of Web3.
