BlackRock, in partnership with Securitize, files with SEC to launch a tokenized asset fund for real estate, art, and securities trading.
BlackRock, the world's largest asset manager, has filed with the US Securities and Exchange Commission (SEC) to launch a tokenized asset fund called the "BlackRock USD Institutional Digital Liquidity Fund" in partnership with digital asset firm Securitize. The fund will aim to tokenize real estate, art, or securities for easier and more secure trading and ownership transfer on the blockchain. The minimum investment for outside investors is set at $100,000. Citigroup projects that the market for tokenized assets could surge to $5 trillion by 2030.
March 19, 2024
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