Unchained

How BlackRock’s New Fund on Ethereum Got a Very Crypto Welcome - Ep. 623

Mar 22, 2024
Guest
Carlos Domingo
Carlos Domingo, Founder and CEO of Securitize, dives into BlackRock's groundbreaking tokenized investment fund on Ethereum. He reveals how the fund, designed for crypto institutions, offers faster transactions and daily dividends. Carlos discusses BlackRock's bold embrace of the crypto space, their strategies to handle regulatory concerns, and why Ethereum was chosen as the platform. The discussion also covers the fund's initial reception in the crypto community and the potential implications of such institutional interest in digital assets.
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INSIGHT

BUIDL Fund Explained

  • The BUIDL fund is a tokenized money market fund on the Ethereum blockchain.
  • It offers crypto institutions faster token issuance, redemption, and transferability.
INSIGHT

BUIDL Fund Mechanics

  • The BUIDL fund offers stable value and pays daily dividends directly to investors' wallets.
  • This stable value simplifies tracking investments and calculations.
INSIGHT

Automated Dividends

  • The BUIDL fund automates dividend payments through on-chain transactions.
  • This method is superior to traditional finance's cumbersome processes.
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