The Ethereum-based BUIDL fund from investing giant BlackRock has raised $245 million in Ethereum tokens since its launch last week. According to data from Etherscan, ten transactions have entered the BlackRock USD Institutional Digital Liquidity Fund, beginning with $5 million on March 20 when the STAVĚT fund launched.

Over the next seven days, an additional $239.8 million flowed into the ERC-20-based fund, including $92 million in Ondo Short-Term US Government Treasuries from the tokenized real-world asset platform Ordo Finance.

“We’re excited to see BlackRock embracing securities tokenization with the launch of BUIDL, especially its broad cooperation with ecosystem participants,” Ordo Finance said in a blogu on Wednesday. “Not only does this further validate our original concept of a tokenized US Treasury fund, but it also bolsters our thesis that tokenization of traditional securities on public blockchains represents the next major step in the evolution of financial markets.”

While not a stablecoin like USDT or USDC, BlackRock says the value of BUIDL is intended to remain 1 to 1 with the U.S. dollar, where 1 BUIDL equals $1. Cryptocurrency stabilní mince aim to provide some stability in the often volatile cryptocurrency market and provide a pathway to exchanges for fiat or other tokens.

BlackRock said the fond invests 100% of its assets in cash, U.S. Treasury bills, and repurchase agreements.

BlackRock filed documents for the British Virgin Island-based BlackRock USD Institutional Digital Liquidity Fund with the U.S. Securities and Exchange Commission on March 14. News of the application renewed hope that a spot Ethereum ETF could be on the horizon despite the SEC’s zatlačit zpátky on BlackRock’s iShares Ethereum Trust ETF.

Last week, the SEC also delayed a decision on Stupně šedi Ethereum ETF until the end of May.

According to data from the Real-World Assets (RWA) platform, BlackRock’s BUIDL ranks second after Franklin Templeton’s Franklin OnChain U.S. Government Money Fund, which has a market capitalization of $360.2 million. The Ethereum-based BlackRock BUIDL fund has a market capitalization of 106.5 million.

V rozhovoru pro CNBC v lednu představil generální ředitel BlackRock Larry Fink případ burzovně obchodovaných fondů založených na kryptoměnách poté, co SEC schválila první bitcoinové ETF.

„Vidím hodnotu v Ethereum ETF,“ řekl tehdy Fink. "Jak jsem řekl, toto jsou jen odrazové můstky k tokenizaci."

While there is strong interest in an Ethereum spot ETF, such an investment vehicle is unlikely to draw anywhere near as much interest as those now available for Bitcoin, which přilákal 4.5 miliardy dolarů in their first day of availability.

Upravil Ryan Ozawa.

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• Zdroj: https://decrypt.co/223802/blackrock-buidl-ethereum-tokenized-fund-245-million