BlackRock’s tokenized investment fund has attracted $160 million within a week of launch

According to Mars Finance news, BlackRock’s first tokenized investment fund, the U.S. Dollar Institutional Digital Liquidity Fund (BUIDL), achieved an inflow of nearly US$160 million in the first week of its establishment. Tokenized real-world asset (RWA) platform Ondo Finance published a blog post saying that it will allocate a "significant portion" of the assets of its tokenized short-term U.S. Treasury bond ETF OUSG to BUIDL. Ondo told crypto media Coindesk that it will provide BUIDL with Transferring $95 million, it's unclear whether the $95 million counts toward the $160 million BlackRock has already accumulated. It is reported that BUIDL is a tokenized money market fund that invests in U.S. Treasury bills, repurchase agreements and cash. With the help of Miami-based Securitize, it uses the Ethereum blockchain to issue BUIDL tokens, which are designed to provide a stable value of $1 per token, with tokens representing U.S. dollar gains to qualified investments. pay dividends.