As a seasoned analyst with years of experience in the digital asset market, I find this development between Securitize and BlackRock truly intriguing. The integration of Zero Hash to facilitate subscription to BlackRock’s tokenized fund via USDC is a significant step towards mainstream adoption of blockchain technology in traditional finance.
On the Securitize platform, which specializes in turning physical assets into digital tokens, has teamed up with Zero Hash. This partnership enables accredited investors to effortlessly invest in BlackRock’s tokenized investment fund using the USDC stablecoin.
According to a recent statement, Securitize has teamed up with Zero Hash’s stablecoin infrastructure platform. This collaboration enables institutional investors to purchase the BlackRock USD Institutional Digital Liquidity Fund using USDC (USDC). Notably, the users’ coins will be exchanged for U.S. dollars through Zero Hash.
As the researcher engaged with Securitize, I can share that Carlos Domingo, the co-founder and CEO, announced in a recent press release that our team has developed a new feature in response to increasing client demands.
Using Zero Hash, you can swiftly change USDC into USD, maintaining a seamless on-chain experience, as Domingo pointed out.
BlackRock’s tokenized fund dominates
BlackRock’s inaugural tokenized investment fund, known as BUIDL, made its debut on the Ethereum (ETH) blockchain in March 2024. Currently, this fund is broadening its reach within the real-world asset market and manages over $550 million worth of assets.
Through this investment fund, investors can gain access to U.S. Treasury bills, cash, and repurchase agreements, all represented as digital assets on the blockchain. Each token from the fund maintains a value of $1. Investors will receive their daily dividends, which are accumulated and disbursed to their digital wallets on a monthly basis.
As reported by rwa.xyz, the current on-chain total worth of tangible assets exceeds $12.8 billion. This substantial figure includes over $2.2 billion in tokenized government bonds, with around $1.6 billion found on the Ethereum blockchain.
BlackRock’s BUIDL has the highest market capitalization at approximately $550 million, followed closely by the Ondo US Dollar Yield and Franklin Onchain U.S. Government Money Fund, each holding over $441 million and $437 million in assets respectively.
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2024-10-15 19:48