New Blackrock tokenized fund sees $160mn inflows in a week!

Hi HODLers, Hiveans and Lions,

Blackrock is venturing into the tokenized world. Its tokenized investment fund has received over $160mn of inflows in a single week!

This fund is named BlackRock USD Institutional Digital Liquidity Fund with the ticker BUIDL. It seems like Ondo Finance, a leader in Real World Asset Tokenization has poured some money into it.

Ondo shared that they moved around $95mn of their own short-term US Treasury bills ETF (OUSG) into BUIDL.

They announced it in an official blog post that you can find here

What is BUIDL?

The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund that invests in U.S. Treasury bills, repurchase agreements, and cash.

This is another success for Blackrock following its launch of $IBIT in January which gathered more than $15bn in investments!

It surely looks like Blackrock is going to find new ways to launch Blockchain related funds or even new Blockchain funds!

Bullish!

Stay safe out there,

Source

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