BlackRock and Coinbase Launch New Blockchain Fund

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23 Mar 2024
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BlackRock và Coinbase ra mắt quỹ Blockchain mới
BlackRock and Coinbase Launch New Blockchain Fund
BlackRock and Coinbase have partnered to launch BUIDL, a blockchain-based fund that aims to combine blockchain with traditional finance and provide a new way to earn USD returns.

The fund stands out with its $100 million investment in USDC, demonstrating strong market confidence in the fund's innovative approach.

This partnership marks an important step in integrating blockchain technology into mainstream finance.

BUIDL is designed for qualified investors, managed by Securitize Markets, LLC, representing a move toward modern investment methods that offer instant payouts and accessibility more widely.

The fund's strategy, highlighted by its massive USDC trading, aims to revolutionize investing through blockchain, with BlackRock's digital assets strategy focused on solving client problems through Token.

BUIDL maintains a stable Token value, targeting safe investments such as US Treasury bills for reliable yields and flexibility.

This partnership has been well received, as evidenced by Coinbase's stock skyrocketing, signaling market approval.

Furthermore, Coinbase's Vai now includes managing BlackRock's Bitcoin holdings, deepening their collaboration and commitment to connecting traditional finance with the crypto world.

This initiative sets a new benchmark for combining blockchain technology with financial services, promoting investments that are accessible, efficient and secure.

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