Injective

Token

BlackRock

<h4><strong>This <a href="https://blog.injective.com/en/injective-powers-the-first-ever-tokenized-index-for-blackrocks-buidl-fund/" target="_blank" rel="noopener">new index market</a> provides unprecedented on-chain access to the BUIDL Fund through innovative financial instruments.</strong></h4> 
<p>This is the first index of its kind that tracks the supply of the BUIDL Fund. Let’s discover more about this important news for Injective.</p> 
<h5><strong>Injective Unveils On-Chain Index for BlackRock’s BUIDL Fund</strong></h5> 
<p>The <a href="https://etherscan.io/token/0x7712c34205737192402172409a8f7ccef8aa2aec" target="_blank" rel="noopener">BUIDL Fund</a>, also known as the BlackRock USD Institutional Digital Liquidity Fund, represents BlackRock’s first foray into tokenized funds on a public blockchain. The fund is designed to offer holders yields in U.S. dollars. With each BUIDL token maintaining a stable value of $1.</p> 
<p>This Fund is composed of cash, U.S. treasury bills, and repurchase agreements. This will ensure stable and secure returns for its investors. Token holders benefit from a daily accruing dividend, which is paid out monthly. This will enhance the attractiveness of the fund to institutional investors.</p> 
<p><img decoding="async" class="wp-image-149926 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vxcvcxcvbvcbvcb-300x296.jpg" alt="" width="555" height="548" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vxcvcxcvbvcbvcb-300x296.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vxcvcxcvbvcbvcb.jpg 397w" sizes="(max-width: 555px) 100vw, 555px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/injective/status/1831333016343634148" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Injective’s new BUIDL Index will be exclusively accessible through various dApps. on the Injective platform, such as Helix. This integration offers users an efficient gateway to the tokenized fund, featuring some of the lowest fees and fastest transaction speeds available in the crypto space.</p> 
<h5><strong>More About Injective’s BUIDL Tokenized Index</strong></h5> 
<p>The <a href="https://www.coingecko.com/en/coins/blackrock-usd-institutional-digital-liquidity-fund" target="_blank" rel="noopener">$BUIDL token</a> maintains a stable value of $1 per token, providing a reliable and predictable investment vehicle. Token holders receive a daily accruing dividend, paid out monthly, enhancing the attractiveness of the fund. The BUIDL Fund’s yield is generated from a diverse portfolio including cash, U.S. treasury bills, and repurchase agreements.</p> 
<p><img decoding="async" class="wp-image-149929 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbcbnvnhg-272x300.jpg" alt="" width="564" height="622" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbcbnvnhg-272x300.jpg 272w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbcbnvnhg-381x420.jpg 381w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbcbnvnhg.jpg 397w" sizes="(max-width: 564px) 100vw, 564px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/RWA_xyz/status/1831393358213976076" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Finally, recent data from the real-world asset analytics platform <a href="https://x.com/RWA_xyz" target="_blank" rel="noopener">RWA_xyz</a> shows that the BUIDL Fund has amassed over $500 million in assets under management, establishing it as the largest tokenized fund to date.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone wp-image-123700 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="Injective" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/injective-launches-buidl-tokenized-index-for-blackrock-fund/">Injective Launches BUIDL Tokenized Index for BlackRock Fund</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Injective Launches BUIDL Tokenized Index for BlackRock Fund

Altcoin Buzz

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