1.5 Billion Dollar: BlackRock Celebrates a New Achievement in the World of Cryptocurrencies, Not Bitcoin

BlackRock, which already represents a financial force valued at 10 trillion Dollars in the traditional finance sector, continues to expand its presence in the digital assets space. This time, its assets under management, provided by the BUIDL fund - a symbolic investment tool - have exceeded 1.5 billion Dollars, according to Arkham Intelligence.
For those who don't know, BUIDL operates in a simple way, being fully backed by cash, U.S. Treasury bonds, and repurchase agreements, distributing daily returns directly to its holders in the form of new BUIDL tokens. There are two types: BUIDL, which generates returns, and BUIDL-I, which does not generate returns - at least not yet.
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Tokenized finance is not new, but its adoption by institutions is accelerating. BlackRock's leap into this field coincides with its large holdings in Bitcoin exchange-traded funds. The company currently holds 575,856 Bitcoin, worth over 50 billion Dollar, which is a huge amount.
While many institutions remain hesitant to fully adopt on-chain assets (Hello Vanguard), BlackRock is not waiting for full consensus.
BlackRock, Bitcoin and BUIDL
The continuous expansion of BUIDL and its role in on-chain financial structures indicates that tokenized assets are here to stay, in one form or another. The fund is growing, integrations are increasing, and institutional interest is shifting less towards speculation and more towards tangible and regulated financial products.
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In short, the lines between traditional finance and blockchain-based finance are becoming increasingly blurred day by day, and once again, BlackRock is at the heart of it all.
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