According to TechFlow, on September 4, the Layer 1 blockchain network Injective announced the launch of the world's first tokenized index of the BlackRock BUIDL fund, providing users with innovative on-chain financial tools to access the fund.
BUIDL 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 that the launch of the BUIDL Index demonstrates the huge potential of Injective infrastructure to fully decentralize traditional finance. This is the first time that institutional and retail users can directly access new physical asset products led by BlackRock.
