The Defiant - DeFi Podcast BlackRock's BUIDL | Creating The Largest Tokenized Treasury Fund With Securitize
May 6, 2024
Carlos Domingo, CEO of Securitize, discusses partnering with BlackRock to tokenize assets. Topics include onchain vs offchain, institutional investors, secondary market, future of tokenization, impact of BlackRock, use cases for tokenization, and bridging the gap between Web2 and Web3 assets in finance.
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Institutional Fund Tokenization
- Tokenization brings traditional institutional cash products on-chain for transparency, efficiency, and speed.
- BlackRock's money market fund on Ethereum is a pioneering example of tokenized real-world assets.
Use Qualified Custody for Tokens
- Institutional investors should register wallets with qualified custody providers for secure token holding.
- Choosing proper custody solutions like Anchorage or Fireblocks ensures compliant access and dividend receipt on-chain.
Peer-to-Peer Token Transfers
- Tokenized securities can be transferred peer-to-peer on-chain between qualified investors without intermediaries.
- This approach offers transparency and faster settlement in a decentralized manner compared to traditional methods.