BlackRock’s BUIDL Fund Tops $500M as Tokenized Treasury Market Soars

BlackRock’s BUIDL Fund Tops $500M as Tokenized Treasury Market Soars

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Source: Coindesk.com

Global asset manager BlackRock's BUIDL token, issued in partnership Securitize and backed by U.S. Treasuries, has surpassed $500 million market value on Monday, Ethereum blockchain data by Etherscan shows.

It's the first tokenized treasury product to achieve the milestone, taking only four months since its debut in March.

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The post "BlackRock's BUIDL Fund Tops $500M as Tokenized Treasury Market Soars" appeared first here Coindesk.com.

Source: Coindesk.com

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