Ethereum

Bitcoin ETF

BlackRock

<p class="is-style-lead">BlackRock has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund in partnership with Securitize, a leading asset tokenization firm from the British Virgin Islands.</p> 
<p>While the specific assets the fund will hold remain undisclosed, Securitize’s involvement hints at a focus on <a href="https://crypto.news/tag/tokenization/">tokenizing</a> real-world assets (<a href="https://crypto.news/tag/rwa/" data-type="link" data-id="https://crypto.news/tag/rwa/">RWA</a>). The process involves representing ownership of a broad array of assets through a blockchain token, a practice gaining traction for its potential to enhance asset liquidity and efficiency.</p> 
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   <p lang="en" dir="ltr">Tokenization continues to expand, with predictions that “tokenized assets will grow by a factor of 80 in private markets and reach up to almost $4 trillion in value by 2030.”<br><br>The tokenization of real-world assets (RWAs) is groundbreaking for investors and businesses alike.…</p>— Securitize (@Securitize) <a href="https://twitter.com/Securitize/status/1769699914290700627?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 18, 2024</a>
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<p>The announcement and <a href="https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml" data-type="link" data-id="https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml" target="_blank" rel="noopener">SEC filing</a> of BlackRock’s new fund had an immediate impact on the digital assets market. <a href="https://crypto.news/tag/ondo-finance/">Ondo Finance</a>‘s native token, ONDO, witnessed a surge of up to 22% in value, significantly outperforming Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>). Ondo Finance operates a platform for RWA, highlighting the market’s positive reaction to BlackRock’s initiative.</p> 
<p><a href="https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f" data-type="link" data-id="https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f" target="_blank" rel="noopener">Etherscan</a> also indicated a movement of $100 million of Circle’s USDC <a href="https://crypto.news/tag/stablecoin/" data-type="link" data-id="https://crypto.news/tag/stablecoin/">stablecoin</a> to an address linked to a Securitize deployer. The motion is speculated to represent a seed investment into the new fund, although such connections have not been confirmed.</p> 
<p> You might also like: <a href="https://crypto.news/ethereum-investigated-state-authority/"> Ethereum Foundation reportedly investigated by ‘state authority’ </a> </p> 
<p>The venture into digital liquidity funds builds on BlackRock’s ongoing exploration of digital assets. The company made headlines by listing a spot-based <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">Bitcoin ETF</a> in January, which quickly amassed over $15 billion in assets under management. Additionally, a filing for a spot Ether (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>) ETF was made last year, signaling BlackRock’s deepening commitment to integrating blockchain technologies into its offerings.</p> 
<p>In a January CNBC interview, BlackRock CEO Larry Fink shared that BTC and ETH ETFs are preliminary steps toward a broader shift toward asset <a href="https://crypto.news/tag/tokenization/">tokenization</a>. According to Fink, this represents a future direction for the financial sector, offering prospects for quicker settlements and enhanced operational efficiencies.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="BlackRock CEO Larry Fink: Bitcoin ETF approvals are 'stepping stones' towards tokenization" width="1020" height="574" src="https://www.youtube.com/embed/se1bcqMYg8g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p> Read more: <a href="https://crypto.news/grayscale-ethereum-trust-spot-etf/"> Grayscale looks to transform Ethereum Trust into spot ETF </a> </p>

BlackRock starts digital asset fund supported by $100m on Ethereum

crypto.news

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