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BlackRock BUIDL Fund Reaches $552M On Securitize

Published Source: BitcoinistRead original

Crypto Insight Summary: TL;DR BlackRock’s BUIDL tokenized fund reached roughly $552.4 million in assets in the supplied September 22 dashboard data. The product is distributed through Securitize and remains targeted at qualified institutional investors. BUIDL’s AUM should not be confused with retail-accessible stablecoin supply. BlackRock’s tokenized BUIDL fund has moved above $550 million in assets under management, keeping […] Crypto Insight Analysis: Direction: Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional adoption of tokenized funds boosts ETH's institutional appeal.

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BlackRock BUIDL Fund Reaches $552M On Securitize — Crypto Insight