BlackRock Launches First Tokenized Fund on Ethereum: “BUIDL” – Offering Stable Value and Monthly Dividends

BlackRock Launches First Tokenized Fund on Ethereum: "BUIDL" - Offering Stable Value and Monthly Dividends

BlackRock Launches First Tokenized Fund on Ethereum: "BUIDL" - Offering Stable Value and Monthly Dividends

Asset management giant BlackRock announced today the official launch of its first tokenized fund on the Ethereum blockchain, called the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). BUIDL will invest 100% of its assets in cash, US Treasuries, and repurchase agreements, allowing investors to earn profits while holding tokens on the blockchain. Specifically, BUIDL will provide users with a stable value of $1 per token and will directly pay out accumulated daily dividends in the form of new tokens to investors’ wallets on a monthly basis.