Securitize proposes BlackRock BUIDL fund as collateral for Frax USD
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
Auto Added by WPeMatico
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
The current stablecoin market cap is approximately $204 billion, but the sector remains highly centralized.
Holders of Blackrock’s tokenized money fund can now tap into DeFi opportunities while earning interest from United States Treasury bills, Securitize said.
The real-world asset (RWA) tokenization industry is projected to exceed $30 trillion by 2030, driven by nimble and mainstream financial institutions.
According to financial services firm Standard Chartered, real-world asset tokenization could reach a $30 trillion market cap by 2030.
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.
The United States Treasury Department is taking an interest in stablecoins and tokenization.
A swathe of new research reports from major traditional financial institutions predicts outsized growth and adoption of real-world asset tokenization over the next few years.
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
ANZ Bank will be among the first clients to debut Chainlink’s privacy-preserving tech for tokenized RWA settlement under Singapore’s Project Guardian.
