BlackRock doubles down on digital assets, launches first tokenized fund

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BlackRock doubles down on digital assets, launches first tokenized fund
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“Securitize will act as a transfer agent and tokenization platform, managing the tokenized shares and reporting on Fund subscriptions, redemptions, and distributions,” the release said. “Securitize Markets will act as placement agent, making the Fund available to eligible investors.” “Tokenization of securities could fundamentally transform capital markets,” said Securitize co-founder and CEO Carlos Domingo. This development “demonstrates that traditional financial products are being made more accessible through digitization.”

BUIDL Investors will be able to transfer their tokens to other pre-approved investors at any time, BlackRock said. Fund participants will also have flexible custody options, allowing them to choose how to hold their tokens. Since then, multiple crypto holders have sent at least 63 coins and 39 NFTs to the address, including 10,000 Realio Network tokens worth approximately $11,600. Interestingly, the RIO token is a real-world asset tokenization coin that has pumped 47% since the token was transferred to BlackRock,

is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market.

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