BlackRock's BUIDL fund, under CEO Larry Fink's direction, has rapidly grown to become the world's largest tokenized treasury fund with a market cap of US$375M in just six weeks. This marks a significant move by BlackRock into the realm of Web3 and tokenization, highlighting the growing interest of traditional finance (TradFi) in blockchain innovations. The fund's success is part of a broader trend where major financial entities like BlackRock are exploring and adopting blockchain technologies. Furthermore, a proposal has been submitted for deploying BlackRock's BUIDL fund on Arbitrum, and BlackRock along with Securitize have applied to be service providers for Arbitrum's STEP program, aimed at diversifying real-world assets (RWA), indicating a deepening commitment to integrating blockchain solutions into conventional financial practices.
💡 RWA tokenisation signifies a bridge between TradFi and the digital asset space. We explore the tokenisation of securities and its application in yield-bearing stablecoins, which have both gained much attention recently. Check out the 🧵 for key takeaways and link to the full… https://t.co/anLatMfBFf
BlackRock and Securitize submitted an application to be a service provider for Arbitrum’s STEP program, which is focused on real-world asset diversification. @httpsageyd reports https://t.co/QryZxjUMiL
BlackRock and Securitize Submit Application for Arbitrum Program Focused on RWA Diversification The move is another sign of the growing institutional presence in the crypto space. @httpsageyd reports 🗞️Read more: https://t.co/Ym9pcQeS7k https://t.co/dMR8o2UUk8
Curious about RWA tokens? Real World Assets, like real estate, offer tangible value to the blockchain ecosystem.🏘️🪙 Dive into our RWA leaderboard and discover how this innovative sector is bridging the gap between digital and real-world investments👇 https://t.co/fcrS4nmNPK
Huge news for Arbitrum: A proposal to deploy Blackrock's BUIDL fund on Arbitrum went live! https://t.co/uKdCQhLgcB
Huge news for Arbitrum: A proposal to deploy Blackrock's BUIDL on-chain fund on Arbitrum just went live! https://t.co/ql31TgAjyc
Blackrock: “Yea we’re gonna start using Arbitrum for some of our institutional fund products.” $ARB: https://t.co/QA5NUokiR3 https://t.co/Jbmr2mnNeB
We submitted a proposal to be part of the @arbitrum DAO as the placement agent for Blackrock's BUIDL, and we hope to get the support of the @arbitrum community to bring a large tradfi institution into their treasury https://t.co/CO0Iznd6Gz https://t.co/iJUka48I74
"Tokenisation has emerged as a prime goal of influential players on traditional finance, such as BlackRock CEO Larry Fink, as well as crypto platforms like Berlin-based @SwarmMarkets". Read @DLNewsInfo latest article on TradFi's move into Web3 👇 https://t.co/NNkn7H9e9V
In only six weeks, @BlackRock's fund BUIDL, has become the world's largest tokenized treasury fund, reaching US$375M in market cap! This matters because treasuries are only a piece of the pie of #tokenization, and they are the first step in showing TradFi the benefits of #Web3.… https://t.co/7wsJvlpg60