How BlackRock’s New Fund on Ethereum Got a Very Crypto Welcome

Listen to the episode on Apple Podcasts, Spotify,Fountain, Overcast, Podcast Addict, Pocket Casts,Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

On Wednesday, BlackRock, the world's leading asset management firm, announced the launch of a tokenized investment fund, the BlackRock USD Institutional Digital Liquidity (BUIDL) Fund, developed in collaboration with Securitize.

Carlos Domingo, founder and CEO of Securitize, discusses the launch of the fund, which is native to the public Ethereum blockchain and aims to bring an institutional-grade cash management product to crypto institutions, offering faster token issuance, redemption, and transferability.

Learn more: What Is Real-World Asset (RWA) Tokenization? A Beginner's Guide

He also talks about how Blackrock has embraced crypto, how the launch of the fund was “front run” by crypto Twitter, and how Blackrock will deal with issues such as the fund being dusted with ETH tainted by sanctioned Tornado Cash ETH.

Show highlights:

• What the BUIDL fund is, its essence and objectives
• How the fund rewards its users, with a system similar to crypto airdrops
• Whether they were worried about the regulatory aspects of bringing this product on-chain.
• Securitize's role in the partnership with BlackRock
• How much money flowed into the fund on the first day and who the target investor is
• Why BlackRock decided to build this product on Ethereum
• What BlackRock's attitude towards crypto is, according to Carlos
• How the launch of the fund was front-run by crypto insiders
• How a wallet associated with the fund received unintended funds from North Korean tied wallets and whether Ethereum should implement a mechanism for addresses to approve funds that are sent to i
• Whether the contract is secure and what steps Securitize is taking to increase the safety of the users
• The roadmap for the partnership between BlackRock and Securitize
  

Thank you to our sponsors! iTrustCapital | Polkadot | Uniswap

Guest

Carlos Domingo, Founder and CEO of Securitize

Previous appearance on Unchained: Could Securitize Democratize Access to Different Asset Classes?

Links

Previous coverage on Unchained of real-world assets:

The Catalysts for This Crypto Bull Market: AI, DeFi, Real World Assets?

The Chopping Block: Will Tokenizing RWAs Finally Click This Time?

MakerDAO Has Brought in Real World Assets. Is It Worth the Risk?

BlackRock USD Institutional Digital Liquidity (BUIDL) Fund

The Block: BlackRock to launch tokenized investment fund with Securitize

Unchained:

Wallet Associated With BlackRock’s Tokenized Fund Spammed With Unsolicited ETH From Tornado Cash

Wallet Associated With BlackRock’s New Fund Receives Memecoins and NFTs

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.