According to CoinDesk, the news that BlackRock and Securitize have joined forces to create a digital asset fund has a significant impact on the regulated and compliant tokenization market in the United States. BlackRock's US Dollar Institutional Digital Liquidity Fund (BUIDL) is not the first such product on the Securitize platform, but it may trigger the attention of institutional capital and serious fund managers to the Securitize ecosystem. BUIDL holds 100% of its assets in cash, US Treasuries and repurchase agreements (repos), classifying it as a digital currency market product. Securitize has served and still serves as the transfer agent and issuance platform for the Arca US Treasury Fund (RCOIN). Although Arca has developed a blockchain-based structure for traditional ultra-liquid funds in 2020, BlackRock's positioning here may provide the real spark needed for this vision. According to Security Token Market (STM.co), the alternative trading system (ATS) lifecycle trading volume for tokenized assets reached more than $110 million by March 2024. BlackRock’s seed fund size of $100 million for BUIDL makes it the largest asset on Securitize, and first week inflows of approximately $175 million have already made BUIDL the second largest product in the $275 million AUM money market cohort, behind Franklin Templeton’s $360+ million money market fund. As more fiduciaries gain access to BUIDL through Securitize, they will commit significant capital to the fund and the Securitize ecosystem. As a result, other alternative investment products and listings on Securitize Markets’ primary and secondary trading venues are likely to see an increase in capital flows and activity. This will set a precedent for other broker dealers, alternative trading systems, and similar regulated venues in their issuer structures and strategies.