investment | March 21, 2024
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What’s Next for BlackRock: Jumping into Asset Tokenization
black stone, the world’s largest asset manager with $10 trillion in assets under management, will soon launch the USD Institutional Digital Liquidity Fund, the first tokenized asset fund that aims to redefine investment strategies while providing unprecedented liquidity. Filed Form D with the SEC. Bringing efficiency to investors around the world. Citigroup estimates that the tokenized market could expand to $5 trillion. Traditional investments such as bonds and funds are increasingly tokenized, highlighting the enormous growth potential of this sector. BlackRock’s foray into asset tokenization is expected to bridge the gap between digital assets and traditional finance and provide new revenue opportunities.
- Funds are tokenized using ERC-20 tokens. build, fully funded by cash, U.S. Treasury bonds and repurchase agreements. Blockchain promises to provide token holders with daily returns and a leap forward in asset liquidity and management. The fund received a significant transfer of $100 million on March 4, indicating strong support and potential growth.
- The fund, established under the jurisdiction of the British Virgin Islands, requires a minimum investment of $100,000. The fund size is listed as “unlimited” and the sales commission is reported as $525,000.
see: Fast Company Survey finds capitalism at a crossroads
- BlackRock has partnered. securitize Who will act as a transfer agent and tokenization platform BNY Melon It acts as a custodian of the fund’s assets. Terms of the deal have not yet been disclosed.
- Regulatory clarity and compliance remain major obstacles.. BlackRock’s participation could pave the way for regulatory clarity to ensure safe and stable digital asset trading.
eyesight
BlackRock’s strategic dive into asset tokenization through its partnership with Securitize and the launch of a digital liquidity fund on the Ethereum network provides a glimpse into the future of investing and asset management, setting new standards for transparency, efficiency and liquidity in the digital age. .
NEW: 🇺🇸BlackRock just filed with the SEC to launch a tokenization fund.
BlackRock CEO Larry Fink: ‘…the next step is tokenization of financial assets. That means every stock, every bond…’ pic.twitter.com/aZmQTINNMR
— Radar🚨 (@RadarHits) March 20, 2024
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