Altcoin Project Shines with 1 Billion Funds: BlackRock Lines Up for Investment!

Decentralized finance (DeFi) project MakerDAO (MKR) managed to stand out with its $1 billion fund.

MakerDAO announced a $1 billion tokenized treasury investment plan. This announcement attracted the attention of major players such as BlackRock, Ondo Finance and Superstate.

Carlos Domingo, CEO of BlackRock's issuance partner tokenization platform Securitize, stated the following in an email to CoinDesk:

“We think this is a very good move from MakerDAO and we are excited to participate in Blackrock's BUIDL.” “As a leading tokenized treasury issuer, we will definitely apply.

Superstate's founder, Robert Leshner, expressed his excitement for CoinDesk with the following statements:

Superstate's USTB is an ideal partner for MakerDAO. We are excited that MakerDAO has created an open process through which we can introduce USTB to the community.

MKR price has moved

Shortly after the fund was announced, the MKR price increased. With the influence of the news flow, it has gained 13% in value since July 12, around 19:00. In this way, MKR climbed from $2,387 to $2,650.

According to CoinGecko data, MKR is trading at $2,635 at the time of writing.