BUILD

Ondo

BlackRock

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-partners-with-makerdao-for-treasuries" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Partners with MakerDAO for Treasuries</a><br></p>
<p style="text-align: justify">Cryptocurrencies are entering a new phase of integration with major financial establishments. Government recognition and trillion-dollar <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">companies</a> viewing this <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">space</a> as “new finance,” particularly in the real-world asset (RWA) sector, have elevated crypto. BlackRock is actively seeking a collaboration with MakerDAO for tokenized US Treasuries, positioning itself as a key player in this evolving landscape.</p>
<h2 id="why-is-makerdao-significant">Why Is MakerDAO Significant?</h2>
<p style="text-align: justify">MakerDAO is known for its stablecoin, DAI, which maintains its strength through reserves held in US Treasuries. Unlike alternatives that collapsed after holding reserves in assets like <a href="https://en.bitcoinhaber.net/analyst-predicts-significant-bitcoin-signal" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, MakerDAO’s strategy of holding billions in easily liquidatable US Treasuries proves to be sound. This approach has solidified MakerDAO’s reputation in the crypto space.</p>
<h2 id="what-could-this-partnership-mean">What Could This Partnership Mean?</h2>
<p style="text-align: justify">MakerDAO is planning to convert $1 billion of its reserves into “tokenized US Treasuries.” BlackRock’s BUILD tokenized fund is a prime candidate for this partnership, although it faces competition from Superstate and Ondo Finance. BUILD recently surpassed $500 million in assets, and a successful partnership with MakerDAO could see this figure triple rapidly, significantly boosting the fund’s global growth.</p>
<h2 id="key-takeaways-for-users">Key Takeaways for Users</h2>
<p style="text-align: justify">Concrete and valuable inferences from this development include:</p>
<ul>
 <li>Investors may see increased stability in DAI due to its US Treasury backing.</li>
 <li>A successful partnership could accelerate the adoption of tokenized assets in traditional finance.</li>
 <li>Market participants should monitor MKR Coin prices, which have already seen a 5% increase.</li>
 <li>BlackRock’s involvement signals growing institutional interest in the crypto sector.</li>
</ul>
<p style="text-align: justify">Securitize’s CEO Carlos Domingo remarked positively on the potential collaboration, emphasizing its strategic importance. The DAO will be collecting proposals next month, which could significantly impact the $1.8 billion tokenized RWA sector. MKR Coin has already seen a price increase, surpassing the $2.5 threshold.</p>
<p style="text-align: justify">In conclusion, the potential partnership between BlackRock and MakerDAO represents a pivotal moment for both traditional finance and the cryptocurrency world, with significant implications for market stability and growth.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/blackrock-partners-with-makerdao-for-treasuries" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Partners with MakerDAO for Treasuries</a></h5>

BlackRock Partners with MakerDAO for Treasuries

Table of Contents

BH NEWS

Egyéb ezen a dátumon (2024. júl. 12.) megosztott cikkek

ALEX Governance: 100% Protocol Revenue for Recovery Grants

Top Meme Coin Presale: Here’s How MoonBag Is Winning Over Polkadot and Floki Inu Investors

Ethereum Price Rises Amid Challenges: Will ETH Break Above $3,200?

CryptoFace, CryptoSensei, and Grey Jabesi Join Fusio by Blockguard as Curated Portfolio Managers ...

Cryptocurrencies Gain Momentum Today

BlockDAG’s Transparency Revolution: CEO & Team Reveal on July 29, Stealing Focus from ETH Investo...

Join our free newsletter for daily crypto updates!