BUILD

Ondo

BlackRock

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-seeks-partnership-with-makerdao-for-tokenized-us-treasuries/" data-wpel-link="internal">BlackRock Seeks Partnership with MakerDAO for Tokenized US Treasuries</a> 
Cryptocurrencies are entering a new phase in their relationship with trillion-dollar giants in the real world. Government recognition and the view of these giants seeing this <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a> as “new finance,” especially in the RWA sector, have elevated crypto to a new level. BlackRock is waiting at the door of this <a href="https://en.coin-turk.com/crypto-analyst-bluntz-expects-a-dip-in-solana-but-predicts-rises-for-sei-and-wif/" data-wpel-link="internal">altcoin</a>, hoping to be chosen. 
<h2 style="text-align: justify" id="makerdao-mkr">MakerDAO (MKR)</h2> 
We all know the stablecoin DAI, which is issued by MakerDAO. This stablecoin remains strong thanks to its reserves held in US Treasuries. After witnessing alternatives holding reserves in Bitcoin or other assets and then collapsing, holding billions of dollars in US Treasuries, which are the quickest and easiest to liquidate, makes sense. 
The entity behind the $5 billion DAI plans to convert $1 billion of its reserves into “tokenized US Treasuries.” BlackRock’s BUILD tokenized fund is an excellent alternative for this, but it is not alone. Players in this space, including Superstate and Ondo Finance, are lining up. As we reported recently, BUILD surpassed the $500 million mark, and if it can convince MakerDAO, the fund could suddenly jump to $1.5 billion, growing by 300% in a few days. This would certainly support BUILD’s faster global growth. 
BlackRock‘s tokenization platform partner, Securitize, has its CEO Carlos Domingo stating; 
<blockquote> 
 “We think this is a great move by MakerDAO, and BlackRock’s BUIDL will be involved here.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-370258 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/MKRUSDT_2024-07-12_19-57-29.png" alt="" width="1814" height="836"> 
The DAO collecting proposals next month could make a significant impact in the $1.8 billion tokenized real-world assets sector. MKR Coin <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> has already increased by 5% and surpassed the $2.5 threshold. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-seeks-partnership-with-makerdao-for-tokenized-us-treasuries/" data-wpel-link="internal">BlackRock Seeks Partnership with MakerDAO for Tokenized US Treasuries</a></h5>

BlackRock Seeks Partnership with MakerDAO for Tokenized US Treasuries

Table of Contents

COINTURK NEWS

Other articles published on Jul 12, 2024

Altcoins to Buy Now for Long-Term Profits!

Litecoin Is A Hub Of Whales: Over $2.85 Billion Of $100,000 Transactions Processed

Bitcoin Miner Greenidge Generation Deploys 2,400 Miners at New Mississippi Site

New Utility Meme Coin Shiba Shootout Raises Over $600K in Presale – Next Crypto to Explode?

The Best Presale in July 2024: MoonBag, Aptos, Fasttoken – Who’s Worth Your Money?

Bitfarms announces special meeting date

Join our free newsletter for daily crypto updates!