BlackRock's Tokenized Fund Attracts $240M Since Launch
BlackRock's Tokenized Fund Success: Ethereum blockchain-based money-market fund attracts $240M since launch.
Fund Investment Portfolio: Invests in cash, US Treasury bills, and repurchase agreements.
BUIDL Cryptocurrency for Holders: Investors receive BUIDL tokens valued at $1 per token.
Transferability via Digital Wallets: Securitize-approved wallets can transfer BUIDL tokens to validated addresses.
Partnership with Securitize: Securitize collaborates with BlackRock for the investment vehicle's infrastructure.
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