🔥 BREAKING 🔥
⚡️ BLACK ROCK TOKEN IS COMING ⚡️
🔹#BlackRock presents its first tokenized fund on the #Ethereum
🔹 Blockchain In a statement on Wednesday, they announced their partnership with Securitize Markets
🔹 The fund is 100% backed by cash, US Treasury bills and repurchase agreements
👉 Will pay daily returns and seek to offer stability by valuing each token at USD $1
▪️ Name: BlackRock USD Institutional Digital Liquidity Fund
▪️ Ticker: "BUILD".
▪️ Minimum investment: $5 million
👉 The idea is that qualified investors who subscribe to the fund will have the opportunity to earn returns in US dollars.
🔹 Securitize will act as a transfer agent and tokenization platform,
🔹 BNY Mellon will be the custodian of the fund's assets
▪️ Anchorage Digital Bank NA, BitGo, Coinbase and Fireblocks also participate as partners.
👉 High-profile banks such as JPMorgan, Citi and Standard Chartered have been making progress in this area, which BlackRock is now joining
🔹 Source: diariobitcoin.com
🔥 The financial world is being revolutionized 🔥
