a Black rockmanager of 9.1 trillion dollars, sent a document to the SEC last Thursday (14), providing information on the creation of a new fund called BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
The acronym BUIDL appears to be a play on the word ‘build’, a jargon used by the market as an allusion to the word HODL, which has become a motto for several investors.
However, it is another acronym that is catching the attention of the market. Apparently the new BlackRock fund will focus on tokenized ‘Real World Assets’, or Real World Assets (RWA)in English.
The BlackRock document causes the community to investigate traces on the blockchain
Shortly after the discovery of BlackRock’s SEC filing, the community came up with several theories on the matter. Because of the presence of the name Securitize markets in the document, many believe the manager will focus on the tokenization of real-world assets.
“We tokenize real-world assets.”
“Securitize makes private equity, venture capital and other unique real-world private market assets accessible to a broader range of investors through tokenization, a process that registers ownership rights on the blockchain”points to the Securitize website.
The community’s second find was a smart contract on the Ethereum network called “BlackRock USD Institutional Digital Liquidity Fund (BUIDL)” and created by Securitize itself 15 days ago. In total there are only 100 BUIDL tokens at one address.
In any case, despite everything indicating that the contract is actually owned by BlackRock as it was drafted before the document was sent to the SEC, the manager has not yet confirmed the information.
Finally, others went even further and mentioned that another address created a day after the above-mentioned contract was formed also belongs to BlackRock. Last Friday (15) he received R$500 million in USDC directly from Circle, the issuer of this stablecoin.
In addition to the new fund, the manager is also trying to register the first Ethereum ETF in the US, while its Bitcoin ETF has already amassed 238,664 BTC (R$76.4 billion). In January, BlackRock CEO Larry Fink stated that Bitcoin would be just the first, citing the tokenization of all financial assets.
RWA cryptocurrencies operate at a high level
The most attentive investors have already managed to take advantage of BlackRock’s move by investing in cryptocurrencies in the RWA sector. The main highlight is the Ondo (ONDO)which after an increase of 41% in the last 24 hours it has already approached the 100 largest currencies on the market.
According to the CoinMarketCap page that brings together projects focused on real-world assets, several other RWA cryptocurrencies are emerging this Wednesday (20).
Finally, while none of these projects have a direct connection to BlackRock, there is speculation that this could be the next story in the market, currently focused on staking/restaking, airdrops, and memecoins.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
