🔥🔥🔥🔥 A great news.
The BlackRock, a major investment management firm, has filed with the SEC to launch a tokenized asset fund called the BlackRock USD Institutional Digital Liquidity Fund, in collaboration with Securitize. This fund, established in the British Virgin Islands, was initially seeded with $100 million in Circle's USDC stablecoin using the Ethereum network.
This move follows BlackRock's recent foray into the digital asset fund space, including the listing of a spot-based bitcoin ($BTC ) ETF, which amassed over $15 billion in assets under management. BlackRock CEO Larry Fink has expressed a vision for tokenization as the future of the industry, with BTC and ETH ETFs serving as stepping stones.
The establishment of the BlackRock tokenized fund signifies a significant advancement in the tokenization of real-world assets, bridging digital assets with traditional finance for faster settlements and increased efficiency. The announcement has positively impacted tokenized RWA platform Ondo Finance's native token $ONDO, with a surge of up to 20% and a 12% increase over the past 24 hours, outperforming the broader market indices and bitcoin.
