Summary
TLDR: BlackRock and Securitize launched the USD Institutional Digital Liquidity Fund (BUIDL) for investors to earn US dollar yields using blockchain technology. A $100 million transaction on Ethereum attracted meme coins and NFTs to BlackRock’s wallet. The fund aims to redefine the financial system by providing returns on US dollars through blockchain.
Key Points
1. BlackRock and Securitize launched the USD Institutional Digital Liquidity Fund (BUIDL) to provide qualified investors with an opportunity to earn US dollar yields through blockchain technology.
2. A $100 million transaction involving USDC stablecoin on the Ethereum network caught attention, leading to BlackRock’s Ethereum address attracting meme coins and NFTs.
3. BlackRock’s venture into the crypto market signifies a shift from traditional investment mechanisms, with the potential to redefine the financial system.