Summary
TLDR: BlackRock’s tokenized fund holders can now transfer their shares to receive USDC via new smart contract functionality from Circle. Tokenizing assets is gaining traction in traditional finance, with BlackRock launching BUIDL to allow investors to earn US dollar yields. BlackRock CEO Larry Fink sees tokenized securities as the next generation for markets.
Key Points
1. Holders of BlackRock’s first tokenized fund can now transfer their shares to receive USDC.
2. Circle’s new smart contract functionality allows transfers on the secondary market, enabling sellers to remain holders of digital dollars.
3. BlackRock’s launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) aims to allow qualified investors to earn US dollar yields by subscribing to the fund via Securitize Markets.