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BlackRock Launches Tokenized Fund, Enables Transfer to Circle using USDC

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BlackRock USD Institutional Digital Liquidity Fund, the first tokenized fund launched by BlackRock, can now be transferred to Circle using the USDC stablecoin. Circle's smart contract functionality enables the frictionless transfer of BUIDL shares in exchange for USDC to Circle on the secondary market.

BlackRock USD Institutional Digital Liquidity Fund, the first tokenized fund launched by BlackRock, can now be transferred to Circle using the USDC stablecoin.on April 11 a new smart contract functionality that would allow BUIDL holders to transfer their shares to Circle for USDC.

BUIDL allows investors to purchase tokens representing shares in the fund, which invests in assets like U.S. Treasury bills. The fund is referred to as the “digital liquidity fund” because it is digitized in the form of tokens on the Ethereum blockchain and operates as an

 

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