According to a filing with the SEC, BlackRock intends to launch a tokenized investment fund in partnership with Securitize. Let’s take stock of this new project from the famous asset manager.
BlackRock wants to launch a tokenized investment fund
Through a filing with the Securities and Exchange Commission (SEC) last week, BlackRock announced its intention to launch a tokenized investment fund.
For the moment, relatively little information is available about this future product, even if the file leaves us with some clues. Thus, the fund is called BlackRock USD Institutional Digital Liquidity Fund and is registered in the British Virgin Islands.
The minimum entry ticket is 100,000 dollars, while BlackRock has formed a partnership with Securitize for the management of digital assets which will be discussed. The latter is registered with the SEC, and has made the tokenization of funds on the blockchain its specialty.
In September 2022, the company, for example, stood out by tokenizing a stake in a fund of asset manager KKR on the Avalanche ecosystem (AVAX).
👉 Also read — “Bitcoin is bigger than any government”: how BlackRock became one of the biggest supporters of cryptocurrency
At the same time, BlackRock’s spot Bitcoin ETF continues its adoption, now representing $15.42 billion in assets under management. IBIT is trading at $36.07 per share, while the BTC it is based on has a price of $63,000 at the time of writing.
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Source: SEC
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially investing moderately, it was only two years later that I took the gamble of betting everything on the movement which was then taking shape. I will then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I know, I want to share with you.
Vincent Maire
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