RWA track tokens ONDO and CFG soar! BlackRock plans to launch tokenized fund BUIDL!

Asset management giant BlackRock successfully launched the Bitcoin spot ETF-IBIT. The value of Bitcoin held by the fund currently exceeds 15 billion US dollars, second only to GBTC . In November last year, the company also applied to launch an Ethereum spot ETF, but it has been postponed twice.

BlackRock partners with Securitize to launch tokenized funds

Recently, BlackRock once again submitted Form D documents to the U.S. Securities and Exchange Commission (SEC), planning to cooperate with U.S. digital asset tokens In cooperation with the technology company Securitize, it launched the BlackRock USD Institutional Digital Liquidity (BlackRock USD Institutional Digital Liquidity) fund. The move means BlackRock is about to launch its first asset tokenization fund, entering the field of real world assets (RWA).

Asset management companies file Form D with the SEC pursuant to exemptions under the Securities Act. This provision allows companies to offer and sell securities to qualified "accredited investors" or a limited number of "non-accredited investors" without registering with the SEC.

According to documents, BlackRock registered the fund in the British Virgin Islands in 2023, setting a minimum investment threshold of $100,000. Securitize is responsible for distribution and sales, with sales commissions of up to $525,000. However, the fund's size or assets held have not yet been disclosed.

According to Etherscan data, the fund’s token on the Ethereum network is called BUIDL. There is currently only one holder, and its on-chain value is zero. Reports from CoinDesk indicate that $100 million worth of USDC was transferred to addresses associated with Securitize deployers, which “may” be a seed investment in the fund.

CEO: Asset tokenization is the next step for BlackRock

In fact, the day after the Bitcoin spot ETF was listed (1/12), BlackRock CEO Larry Fink said in an exclusive interview with Bloomberg that asset tokenization will be the next step for BlackRock: We believe that the next step will be the tokenization of financial assets, which means that every stock and bond will... Record it in a general ledger.

In Larry Fink’s view, through tokenization, it will be possible to get rid of all the current problems surrounding bonds, stocks and digital illegal activities. Most importantly, it will be possible to achieve instant settlement through tokenization, as well as customization. An investment strategy that works for everyone: If you have tokenized securities, and you have a tokenized identity, when you buy or sell an instrument, it’s recorded on a jointly established ledger, think about issues like money laundering , through a tokenized system, all corruption will be eliminated.

In an interview with CNBC, Larry Fink emphasized the importance of Bitcoin and Ethereum spot ETFs, calling them the starting point for the development of tokenization, which he believes is the direction of future development.

RWA Track Agreement surges

Affected by this, RWA Track Agreement bucked the trend and rose. Ondo Finance ($ONDO) and Centrifuge ($CFG) each rose 41.1 in the past 24 hours. % and 10.7%.

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