{"id":96610,"date":"2024-10-15T19:41:39","date_gmt":"2024-10-15T23:41:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96610"},"modified":"2024-10-15T19:42:52","modified_gmt":"2024-10-15T23:42:52","slug":"securitize-launches-usdc-conversions-for-blackrock","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/securitize-launches-usdc-conversions-for-blackrock\/","title":{"rendered":"Securitize Launches USDC Conversions for BlackRock\u2019s BUIDL\u00a0"},"content":{"rendered":"\n

With the integration of Zero Hash, qualified investors can now effortlessly subscribe to BlackRock's tokenized fund using the USDC stablecoin<\/a>.\u00a0
<\/p>\n\n\n\n

\"Securitize
Securitize Launches USDC Conversions for BlackRock\u2019s BUIDL\u00a0<\/figcaption><\/figure>\n\n\n\n

Securitize, a platform for tokenizing real-world assets released an announcement that institutional investors could purchase the BlackRock USD Institutional Digital Liquidity Fund using USDC thanks to their collaboration with Zero Hash, a stablecoin infrastructure platform<\/a>. <\/p>\n\n\n\n

Zero Hash will, however, convert user currencies to US dollars. Securitize's co-founder and CEO, Carlos Domingo, said in a news statement that the company introduced the new function in response to customer demand that has been increasing. <\/p>\n\n\n\n

Effective transactions are made possible by using Zero Hash to convert USDC to USD, which also guarantees that the procedure stays “natively on-chain,” according to Domingo.\u00a0<\/p>\n\n\n\n

BlackRock's Tokenized Fund Dominates<\/h2>\n\n\n\n

BlackRock's first tokenized fund, BUIDL, became live on the Ethereum blockchain<\/a> in March 2024. With over $550 million in assets under management as of this writing, the fund is growing in the real estate sector. <\/p>\n\n\n\n

Through the fund, investors can access cash, buyback agreements, and US Treasury bills\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in an on-chain asset with a $1 token value. <\/p>\n\n\n\n

Investors accumulate daily dividends and deposit them into their wallets every month. The value of all real-world assets on-chain is currently over $12.8 billion, according to rwa.xyz. Of this, tokenized treasuries hold more than $2.2 billion, of which $1.6 billion is on Ethereum. <\/p>\n\n\n\n

With a market value of more than $550 million, BlackRock's BUIDL is the largest, followed by the Ondo U.S. Dollar Yield and the Franklin Onchain U.S. Government Money Fund, with respective market values<\/a> of more than $441 million and $437 million.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

With the integration of Zero Hash, qualified investors can now effortlessly subscribe to BlackRock’s tokenized fund using the USDC stablecoin.\u00a0 Securitize, a platform for tokenizing real-world assets released an announcement that institutional investors could purchase the BlackRock USD Institutional Digital Liquidity Fund using USDC thanks to their collaboration with Zero Hash, a stablecoin infrastructure platform. […]<\/p>\n","protected":false},"author":43,"featured_media":96611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1520,22371,15881,1106],"class_list":["post-96610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blackrock","tag-buidl","tag-securitize","tag-usdc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1729031131180.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96610"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96611"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}