Summary
TLDR: The BlackRock USD Institutional Digital Liquidity Fund uses tokenization to hold cash, U.S. Treasury bills, and repurchase agreements. Investors can buy into the fund using the Ethereum-based BUIDL token, which pays out yield daily via blockchain technology.
Key Points
1. The BlackRock USD Institutional Digital Liquidity Fund includes cash, U.S. Treasury bills, and repurchase agreements as part of its investment portfolio.
2. The fund utilizes tokenization technology from Securitize, with investment represented by the Ethereum-based BUIDL token.
3. Token holders of the BUIDL token receive yield payouts daily through blockchain rails.