According to TechFlow, on September 4, according to the official blog, Layer 1 blockchain network Injective announced the launch of the world's first tokenized index of BlackRock's BUIDL Fund, providing users with innovative on-chain financial tools to access the fund. The BUIDL Fund is BlackRock's first tokenized fund issued on a public blockchain, providing institutional investors with returns on assets such as U.S. Treasuries. The fund currently manages more than $500 million in assets, making it the largest tokenized fund to date.

Injective CEO Eric Chen said: "The launch of the BUIDL Index demonstrates the tremendous potential of Injective's infrastructure to fully decentralize traditional finance. This is the first time that institutional and retail users can directly access new real asset products led by BlackRock."