BlockBeats News, on October 15th, Tokenization platform Securitize announced the launch of a conversion service between Circle stablecoin (USDC) and the US dollar, specifically for BlackRock's institutional digital asset Liquidity fund (BUIDL). Securitize stated in the announcement that this integration aims to reduce investment costs and simplify the subscription process for TradFi investors to the BUIDL fund. The company is collaborating with BlackRock to issue BUIDL Tokens on the ETH blockchain. Blockchain infrastructure company Zero Hash will provide conversion support between the US dollar and digital assets for this service. The service is targeted at accredited investors and aims to accelerate investment in the BUIDL fund. According to Etherscan data, the BUIDL fund has a value of approximately $550 million, making it one of the largest in its category.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Securitize Launches BlackRock BUIDL Fund and USDC Conversion Service
BlockBeats News, on October 15th, Tokenization platform Securitize announced the launch of a conversion service between Circle stablecoin (USDC) and the US dollar, specifically for BlackRock's institutional digital asset Liquidity fund (BUIDL). Securitize stated in the announcement that this integration aims to reduce investment costs and simplify the subscription process for TradFi investors to the BUIDL fund. The company is collaborating with BlackRock to issue BUIDL Tokens on the ETH blockchain. Blockchain infrastructure company Zero Hash will provide conversion support between the US dollar and digital assets for this service. The service is targeted at accredited investors and aims to accelerate investment in the BUIDL fund. According to Etherscan data, the BUIDL fund has a value of approximately $550 million, making it one of the largest in its category.