BlackRock's BUIDL fund grew $70 million last week to take the top spot from Franklin Templeton's BENJI offering, which saw minor outflows, blockchain data shows.Asset management company BlackRock's tokenized asset fund BUIDL became the largest of its kind Tuesday, overtaking rival Franklin Templeton's similar offering just six weeks after its debut.network and backed by U.S.
The rapid growth of BlackRock's first tokenized offering, occurred as putting conventional assets like bonds and credit onto blockchain rails in forms of tokens – also known as tokenization of real-world assets – has captivated digital asset firms and traditional finance giants alike.for tokenization efforts as a low-risk, well-known instrument where investors can park their on-chain cash and earn stable yield without leaving the blockchain ecosystem. The tokenized Treasury marketto near $1.
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BlackRock Launches Tokenized Fund, Enables Transfer to Circle using USDCBlackRock 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.
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