
BlackRock, a huge company that manages lots of money, has just made a really cool new fund using something called the Ethereum blockchain. This big move mixes the usual money world, like what’s in our banks, with the exciting world of cryptocurrencies – that’s stuff like Bitcoin. They’re calling this new thing the BlackRock USD Institutional Liquidity Fund (BUIDL). It’s trying to change how we think about investing our money by mixing up the normal ways of handling money with digital money tech.
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- BlackRock has created a really neat fund using the Ethereum blockchain, mixing together old-school money and crypto.
- This awesome fund, called BlackRock USD Institutional Liquidity Fund (BUIDL), is supported by actual money, government bonds, and special agreements. It uses this cool thing called blockchain to make managing money much cooler.
- BlackRock joined up with big names from both the regular money scene and the crypto world, like Securitize, BNY Mellon, Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks, to make this fund super strong.
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BlackRock Makes a Super Fun Fund Mixing Regular Money with Crypto
The BUIDL fund isn’t just another computer thing. It’s BlackRock showing us they’re ready for what’s next. It’s a safe and smart way to put your money because it’s backed by real cash, promises from the government, and special deals. The BUIDL token entrance to blockchain world is the sign that designing investments become more fun and real. It means you can check your investments whenever you are, know their performance, and it can enhance money value for you safely.
BlackRock didn’t do all this alone. They got help from Securitize to create and move the fund, and BNY Mellon to keep everything safe. Big names in the crypto world like Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks are also helping out. This means the best of the old money world and the cool new crypto world are working together on this project.
Kicking off BUIDL is more than just starting a new product. It’s the beginning of a new way of managing money. By using the Ethereum blockchain, BlackRock is telling us that they think investing should be easy and always available. They’re preparing for cool future stuff, like turning funds into stablecoins directly on the blockchain. This could really change how asset managers work, moving from just buying crypto to creating complex and super interesting products right on the blockchain. This could change how we share and manage money.
Don’t miss out on all the exciting stuff happening in this new world of finance. Newsletter subscription is a great way to keep yourself updated with newest news and useful tips from our experts on how to manage money and cryptocurrency investments. Investigate with us the stunning merging of conventional and digital forms of finance and find out the many positive attributes it has to offer in this very diverse segment of the financial market.
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