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Asset management giant BlackRock’s debut of Ethereum’s first $100M tokenized fund marks a significant milestone in integrating traditional finance with blockchain technology. By tokenizing the fund, <a href="https://news.todayq.com/blackrock-makes-new-blockchain-move-with-rwa-fund-what-it-means-for-crypto/" rel="noopener noreferrer nofollow">BlackRock </a>aims to leverage the efficiency and transparency of blockchain while providing investors exposure to various digital assets. Which meme coins BlackRock is holding? 
On March 22, 2024, an on-chain analytic firmspotonchain made a post on X (Previously Twitter) that highlights the fund wallet address 0x13e linked to BlackRock has attracted around $100K worth of various meme coins and NFTs, indicating investor interest in the fund and the broader cryptocurrency ecosystem. 
However, the wallet address holds meme coins such as $DETF, $RICO, and $USH, along with NFTs, representing speculative investments in unique digital assets that have gained popularity in recent years. Whereas, fund wallet addresses also hold massive USDC.
Additionally, BlackRock collaborated with Securitize to disclose the ‘USD Institutional Digital Liquidity Fund’ (BUIDL), backed by stable assets like cash and U.S. Treasury bills, ensuring stability. This fund allows investors to earn U.S. dollar yields, providing an alternative investment avenue with potentially attractive returns.
Securitize manages the tokenization process, ensuring smooth transactions, while BNY Mellon safeguards the fund’s assets. Other key players in the fund include Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks. This move marks BlackRock’s entry into the world of tokenized assets and blockchain technology. BlackRock’s USDC holding 
Besides, the asset manager also withdrew a massive 100M $USDC from Circle, indicating the initial capitalization of this fund and its commitment to offering institutional-grade digital asset products. However, on March 20, 2024, when BlackRock announced its BlackRock USD Institutional Digital Liquidity Fund, it gained massive attention in the cryptocurrency landscape.
It looks like this year BlackRock will change the mindset of every traditional investor as well as a veteran trader as there are still many individuals who think cryptocurrency is used for illicit activity and it’s a bobble.
However, with this massive step in the crypto market, it is expected that in 2024 more investors are going to come into the crypto landscape. Besides, these major moves in the crypto market, the overall market is still struggling to gain momentum. Top cryptocurrencies like Bitcoin, Ethereum, Solana, and others are still experiencing downside momentum.

BlackRock’s $100 million tokenized fund holds these meme coins

Todayq News

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