Bankless

BUIDL: Blackrock's $10T Bet on Ethereum | Carlos Domingo

Apr 2, 2024

Carlos Domingo discusses BlackRock's $10T bet on Ethereum through tokenized funds. They explore on-chain dividends, security implications of BUIDL, redemption processes, and future asset opportunities. The podcast highlights the significance of institutional involvement in DeFi, potential market growth, and the integration of traditional securities with crypto assets.

01:09:28

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Episode guests

Carlos Domingo

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Quick takeaways

BlackRock's launch of the BlackRock BUIDL Fund on Ethereum represents a significant shift towards tokenizing securities on-chain, bridging traditional finance with the crypto space.

Securitize plays a vital role in managing the cap table, facilitating peer-to-peer transfers, and ensuring regulatory compliance in the tokenization process of real-world assets.

By tokenizing treasuries, the initiative spearheaded by BlackRock paves the way for seamless integration of traditional assets with decentralized finance, offering transparency, efficiency, and liquidity in on-chain transactions.

Deep dives

BlackRock's Tokenized Fund on Ethereum

BlackRock, the largest asset manager globally, launched its first tokenized fund on Ethereum called the BlackRock Biddle Fund, marking a significant shift towards tokenizing securities on-chain. The fund comprises short-term treasuries and repos, offering a cash-equivalent yield that investors can access on the blockchain, providing a secure and liquid investment option.

Introduction

2min

Cryptex Indices Governance and BlackRock Tokenization

6min

Exploring a New BlackRock Fund and Its Tokenization on Ethereum

5min

Exploring the Design Choices of a Unique Tokenized Product with Yield Benefits

2min

Exploring Token Value and Fund Mechanisms in DeFi

3min

Exploring On-Chain Redemption and DeFi Liquidity

19min

Exploring Mantle Network and Sello Blockchain in Web3 Ecosystem

3min

Bridging Traditional Securities with Crypto-Native Assets

28min

Earlier this month the largest asset manager in the world released its first tokenized fund on Ethereum called the BlackRock BUIDL fund.

We knew this was big… but after recording this episode we’re realizing this is an even bigger deal than we initially thought. Tokenized treasuries on chain Tokenized securities on chain.

The largest institutions in the world are here and they’re tokenizing their assets.

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------ TIMESTAMPS 00:00:00 Intro 00:06:46 What Just Happened Last Week? 00:09:09 What Composes This Fund? 00:15:01 Onchain Dividends 00:20:02 Is BUIDL a Security? 00:22:56 Is It Permissionless? 00:26:02 Redeem Function 00:30:47 What Assets Come Next? 00:39:55 Securitize's Role In This 00:42:39 Size of Inflows 00:47:09 Total Market Size 00:50:46 Yield Accounts 00:53:01 Onboarding New Users 00:55:41 When Central Bank Involvement? 00:59:49 Where Do We Go From Here? 01:02:14 Legitimizing Our Case 01:05:04 Next Blackrock Product

------

Carlos Domingo https://twitter.com/carlosdomingo Check out the fund contract on Etherscan: https://etherscan.io/token/0x7712c34205737192402172409a8F7ccef8aA2AEc

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

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Bankless

BUIDL: Blackrock's $10T Bet on Ethereum | Carlos Domingo

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

BlackRock's Tokenized Fund on Ethereum

Roles of BlackRock and Securitize in the Tokenization Process

Potential Impact and Future Applications of Tokenized Treasuries

Tokenization of Real-World Assets and Potential Markets

Implications of BlackRock's On-Chain Tokenization and Future Prospects

Get the Snipd
podcast app

AI-powered
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Bankless

BUIDL: Blackrock's $10T Bet on Ethereum | Carlos Domingo

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

BlackRock's Tokenized Fund on Ethereum

Roles of BlackRock and Securitize in the Tokenization Process

Potential Impact and Future Applications of Tokenized Treasuries

Tokenization of Real-World Assets and Potential Markets

Implications of BlackRock's On-Chain Tokenization and Future Prospects

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Discoverhighlights

Save anymoment

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