Blockchain-Based Tokenized Fund

BlackRock has announced the launch of the BlackRock USD Institutional Digital Liquidity Fund, or “BUIDL,” a pioneering tokenized fund on a public blockchain. BUIDL aims to provide qualified investors with U.S. dollar yields through subscriptions via Securitize Markets, LLC. Robert Mitchnick, BlackRock’s Head of Digital Assets, highlighted the launch as a significant advancement in the…