Summary
TLDR: BlackRock’s BUIDL token on Ethereum blockchain, created with Securitize, represents investment in a fund holding U.S. Treasury bills and repo agreements. Price pegged to $1, yields paid in token, targeted at large institutional investors.
Key Points
1. BlackRock’s BUIDL token is built on the Ethereum blockchain and created with asset tokenization platform Securitize.
2. The token represents investment in a fund that holds U.S. Treasury bills and repo agreements, with its price pegged to $1.
3. Holders of the BUIDL token receive a yield from the underlying assets paid in the token, and the offering is targeted towards large institutional investors.