Fintech Nexus Newsletter (March 20, 2024): BlackRock Partners With Securitize To Create Tokenized Fund

Republished By Plato

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The world’s largest asset manager continues to embrace crypto.

Yesterday, it was revealed (here is the SEC filing) that BlackRock has created a fund called the BlackRock USD Institutional Digital Liquidity Fund that will be launched in partnership with Securitize.

Now, Securitize is all about tokenization of real-world assets (listen to my podcast with the Securitize CEO from 2022) and they are backed by some of the biggest names in finance. But to get on board with BlackRock has to be a real coup for the company.

While there is not much in the way of details, crypto sleuths have discovered an unconfirmed digital wallet on Ethereum showing $100 million of Circle’s USDC stablecoin related to Securitize. Some think this could be seed money for this fund.

It will be interesting to see what type of assets this fund will ultimately hold. Stay tuned for when they officially launch the fund.

Featured

> BlackRock Creates Fund With Securitize, a Big Player in Real-World Asset Tokenization

By Krisztian Sandor

The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain data shows.

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Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

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