BlackRock Creates Tokenized Asset Fund, SEC Filing Shows

CoinDeskPolicyОпубліковано о 2024-03-18Востаннє оновлено о 2024-03-19

Анотація

The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain data shows.

Investment management giant BlackRock (BLK) has created a tokenized asset fund, according to a document filed to the U.S. Securities and Exchange Commission (SEC).

The BlackRock USD Institutional Digital Liquidity Fund was incorporated on the British Virgin Islands and will be launched in partnership with tokenization firm Securitize.

24.7K

Blockchain data shows that the fund was seeded with $100 million in Circle's USDC stablecoin using the Ethereum network.

The move follows BlackRock's foray into digital asset fund after listing a spot-based bitcoin (BTC) exchange-traded fund (ETF) in January, which amassed over $15 billion of assets under management. The company also filed for a spot ether (ETH) ETF last year.

BlackRock CEO Larry Fink said in a January interview with CNBC that BTC and ETH ETFs "are just stepping stones towards tokenization and I really do believe this is where we're going to be going."

The fund also represents a significant milestone for tokenization of real-world assets, a growing sector in the intersection of digital assets and traditional finance that comprises of placing traditional assets on blockchain rails in pursuit of faster settlements and increased efficiency.

STORY CONTINUES BELOW

Recommended for you:

Tokenized RWA platform Ondo Finance's native token ONDO jumped as much as 20% on the news, and is up 12% over the past 24 hours outperforming the broad-market CoinDesk 20 Index (CD20) and bitcoin (BTC).

Пов'язані матеріали

Stablecoins Adoption: French Finance Minister Pushes For More Euro-Backed Tokens

France's Finance Minister Roland Lescure has called for the development of more euro-pegged stablecoins to reduce reliance on US dollar-dominated payment systems. He noted that the current volume of euro stablecoins is "not satisfactory," representing only 0.207% of the global stablecoin market. Lescure praised the Qivalis initiative by European banks like ING and BNP Paribas to launch a euro stablecoin in 2026. This push is part of broader EU efforts to achieve financial independence amid tensions with the US. Additionally, Lescure encouraged European banks to adopt tokenized deposits, following the lead of major global banks.

bitcoinist41 хв тому

Stablecoins Adoption: French Finance Minister Pushes For More Euro-Backed Tokens

bitcoinist41 хв тому

DeFi Hacked Again for $292 Million, Is Even Aave No Longer Safe?

On April 19, a major DeFi security breach occurred, resulting in the loss of approximately $292 million. The attack targeted Kelp DAO’s rsETH bridge contract built on LayerZero, with 116,500 rsETH stolen. The attacker initiated the exploit using funds from Tornado Cash and manipulated the LayerZero EndpointV2 contract to transfer the assets. Kelp DAO confirmed the incident and temporarily paused rsETH contracts across multiple networks while collaborating with security experts for investigation. Initial analysis suggests the root cause was a compromised private key on the source chain, with the contract secured by only a 1/1 validator set, making it vulnerable to a single malicious transaction. The attacker used the stolen rsETH as collateral on lending platforms—including Aave, Compound, and Euler—to borrow more liquid assets like WETH, accumulating over $236 million in debt. Aave alone accounted for $196 million of this amount. In response, Aave froze its rsETH markets and stated it would explore covering potential bad debt through its Umbrella safety module, which holds around $50 million in WETH. This incident follows another large exploit earlier in April, where Drift Protocol on Solana lost $280 million. The repeated high-value attacks raise concerns about DeFi security, even affecting major protocols like Aave. Users are advised to exercise caution, diversify holdings, and limit exposure to on-chain protocols until more robust security measures are established.

marsbit42 хв тому

DeFi Hacked Again for $292 Million, Is Even Aave No Longer Safe?

marsbit42 хв тому

DeFi Hacked Again, Losing $292 Million: Is Even Aave No Longer Safe?

On April 19, DeFi suffered another major security breach, with liquid staking protocol Kelp DAO losing approximately 116,500 rsETH (worth around $292 million) due to an exploit in its LayerZero-based bridge contract. The attack originated from a compromised private key on the source chain, allowing the hacker to initiate unauthorized transfer via a single validator. The attacker used the stolen rsETH as collateral on lending platforms including Aave, Compound, and Euler to borrow more liquid assets like wETH, resulting in over $236 million in debt—$196 million from Aave alone. Aave quickly froze its rsETH markets and announced it would explore covering potential bad debt through its Umbrella safety module, which holds about $50 million in WETH. This incident follows a $280 million exploit on Solana’s Drift Protocol earlier in April, raising further concerns about DeFi security. Even established protocols like Aave are now indirectly exposed, prompting warnings for users to diversify holdings and limit exposure to smart contract risks. Investigations are ongoing.

Odaily星球日报49 хв тому

DeFi Hacked Again, Losing $292 Million: Is Even Aave No Longer Safe?

Odaily星球日报49 хв тому

Analyst Reveals Why He Doesn’t See XRP Price Crashing Below $1

Crypto analyst Crypto Luke remains bullish on XRP, arguing that the price is unlikely to crash below $1 despite a significant decline from its 2025 peak. Key reasons include the defense of a broadening wedge pattern, indicating strong market demand, and bullish signals from technical indicators like the Stochastic and RSI. He notes liquidity is returning to XRP, supported by net inflows, suggesting institutional buying. While not predicting an immediate surge, he advises accumulating XRP at current levels rather than selling.

bitcoinist5 год тому

Analyst Reveals Why He Doesn’t See XRP Price Crashing Below $1

bitcoinist5 год тому

Bitcoin Miners Selling Nears Exhaustion – What Comes Next

Bitcoin miner selling pressure is nearing exhaustion, according to on-chain data, potentially setting the stage for the next market upswing. Analysts note that public miners sold over 32,000 BTC in Q1 2026—the largest quarterly outflow on record—driven by reduced block rewards after the 2024 halving and rising operational costs. Key metrics show declining miner reserves and a negative net position change, but the intensity of selling is now weakening. This suggests the phase of miner-driven supply pressure is ending, shifting Bitcoin market dynamics toward demand-led growth. Future price movement may depend more on ETF inflows, institutional interest, and macro conditions. Bitcoin currently trades around $77,169.

bitcoinist6 год тому

Bitcoin Miners Selling Nears Exhaustion – What Comes Next

bitcoinist6 год тому

Торгівля

Спот

Ф'ючерси