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COINTURK NEWS > Altcoin News > BlackRock Integrates Cryptocurrency with Tokenized Funds
Altcoin News

BlackRock Integrates Cryptocurrency with Tokenized Funds

In Brief

  • BlackRock's integration with cryptocurrencies marks a significant industry shift.

  • The firm is partnering with Securitize to tokenize global assets.

  • Conversions between Circle’s stablecoin and BUIDL have officially begun.

Ömer Ergin
Ömer Ergin 7 months ago
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Four to five years ago, it would have been considered madness to suggest that the world’s largest asset manager would integrate cryptocurrencies. However, this has become a reality. BlackRock, along with other trillion-dollar asset managers, is now issuing cryptocurrency ETFs and has taken a significant step by making its own tokenized fund convertible into popular stablecoins.

BlackRock and USDC

Today’s developments provide valuable insights into the direction of cryptocurrencies. BlackRock has partnered with Securitize to tokenize global assets, marking a new milestone. Their collaboration has led to the initiation of conversions between Circle’s stablecoin and BlackRock’s USD Corporate Digital Liquidity Fund (BUIDL).

Currently, the company is minting BUILD Tokens on the Ethereum $2,572 network in collaboration with BlackRock. This indicates that the trillion-dollar asset manager has had its own Ethereum token for some time. Carlos Domingo, CEO of Securitize, stated in today’s announcement:

“This integration allows digital asset companies to remain on-chain throughout the entire investment lifecycle, enabling nearly instantaneous and transparent settlements and transfers across platforms.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 15 October, 2024 - 4:23 pm 15 October, 2024 - 4:23 pm
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