{"id":27979,"date":"2024-03-21T09:30:59","date_gmt":"2024-03-21T09:30:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrock-and-securitize-partner-for-digital-liquidity-fund\/"},"modified":"2024-03-21T09:30:59","modified_gmt":"2024-03-21T09:30:59","slug":"blackrock-and-securitize-partner-for-digital-liquidity-fund","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrock-and-securitize-partner-for-digital-liquidity-fund\/","title":{"rendered":"BlackRock and Securitize Partner for Digital Liquidity Fund"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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BlackRock and Securitize, a well-known asset tokenization company with its headquarters located in the British Virgin Islands, have partnered to launch the BlackRock USD Institutional Digital Liquidity Fund and engage in a strategic alliance.<\/p>\n

The engagement of Securitize indicates an emphasis on the tokenization of real-world assets (RWA), even though the precise makeup of the assets in the fund is still unknown. The novel procedure entails utilizing blockchain tokens to symbolize ownership of diverse assets, a growing trend that holds promise for transforming asset efficiency and liquidity.<\/p>\n

The Ripple Effect of BlackRock\u2019s Announcement<\/strong><\/h2>\n

The revelation and subsequent SEC filing of BlackRock\u2019s latest fund have reverberated throughout the digital assets market. Ondo Finance\u2019s native token, ONDO, surged by up to 22%, eclipsing the performance of Bitcoin (BTC). Ondo Finance, renowned for its platform catering to RWA, witnessed an unprecedented surge, signaling market optimism towards BlackRock\u2019s venture.<\/p>\n

Furthermore, Etherscan data revealed a transfer of $100 million worth of Circle\u2019s USDC stablecoin to an address associated with a Securitize deployer. While speculative, this movement is presumed to signify a seed investment into the newly established fund, underscoring investor confidence in BlackRock and Securitize\u2019s partnership.<\/p>\n

It makes sense for BlackRock to move on with its investigation of digital assets with a venture into digital liquidity funds. BlackRock reaffirmed its commitment last year when it filed for a spot Ether (ETH) ETF, after the successful listing of a spot-based Bitcoin ETF in January and reaching over $15 billion in assets under management.<\/p>\n

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250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n

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BTC and ETH ETFs are first steps toward a larger asset tokenization agenda, according to BlackRock CEO Larry Fink, who made this clear in a recent CNBC interview. Fink stressed how blockchain technology has the ability to revolutionize the financial industry, predicting a time when settlements would be completed more quickly and operations will be more efficient throughout the board.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) BlackRock and Securitize, a well-known asset tokenization company with its headquarters located in the British Virgin Islands, have partnered to launch the BlackRock USD Institutional Digital Liquidity Fund and engage in a strategic alliance. The engagement of Securitize indicates an emphasis on the tokenization of real-world […]<\/p>\n","protected":false},"author":34,"featured_media":27980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27979"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27979"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27980"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}