Coinbase and BlackRock have launched BUIDL, which aims to blend blockchain with finance.
Coinbase, a leading cryptocurrency exchange, and BlackRock, the world’s largest asset manager, have allied to launch BUIDL. It is a blockchain-based fund that aims to offer a new feature of earning U.S. dollar yield by blending blockchain and traditional finance sectors.
Following the launch, Robert Mitchnick, digital asset head at BlackRock, notes that “This is the latest progression of our digital assets strategy,” he adds “We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize.”
BUIDL is developed for qualified investors and is managed by Securitize Markets, LLC. The platform maintains a stable token value, targeting safe investments similar to U.S. Treasury bills for reliable yield and flexibility.
“Tokenization of securities could fundamentally transform capital ma
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