The world’s largest asset manager 4-5 years ago crypto- It would be considered crazy to say that it would be integrated with currencies. But this happened. BlackRock and other trillion-dollar asset managers are issuing crypto ETFs. And even BlackRock It goes even further and makes its own tokenized fund convertible into one of the popular stablecoins.
BlackRock and USDC
Today’s latest development may be useful to get an idea of where cryptocurrencies are heading. Working in integration with BlackRock, Securitize has taken a new step towards tokenizing real world assets. Accordingly, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDLConversions between Circle’s stablecoin and the US dollar have been initiated for ).
The company already owns Ethereum with BlackRock. $2,611 mints BUILD Tokens on its network. So the trillion-dollar asset manager has had its own Ethereum token for a long time. Securitize CEO Carlos Domingo said in his statement today;
“This integration allows digital asset companies to remain on-chain throughout the entire investment lifecycle, providing virtually instantaneous and transparent settlements and transfers between platforms.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.