On March 20, 2024, BlackRock, a prominent asset manager, expanded its presence in Web3 by collaborating with U.S.-based tokenization platform Securitize to issue the tokenized fund BUIDL (BlackRock USD Institutional Digital Liquidity Fund). This follows the approval of its Bitcoin spot ETF, marking a significant step for mainstream cryptocurrency investment. The tokenized fund BUIDL represents traditional institutions leveraging public blockchain technology to enhance operational and capital efficiency, signaling a broader adoption of blockchain.
