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💎 DeFi🟢 BullishImportance 6/10
BlackRock’s tokenized BUIDL fund taps Chronicle for new ‘verification layer’
🤖AI Summary
BlackRock's BUIDL fund, the world's largest tokenized fund managing $1.7 billion in Treasuries and cash, has integrated Chronicle as a new verification layer. This development strengthens the infrastructure supporting tokenized traditional financial assets.
Key Takeaways
- →BlackRock's BUIDL is the largest tokenized fund globally with $1.7 billion in assets under management.
- →The fund holds Treasuries, overnight repos, and cash in tokenized form.
- →Chronicle has been integrated to provide a verification layer for the fund.
- →This represents continued institutional adoption of blockchain technology for traditional finance.
#blackrock#buidl#tokenized-fund#chronicle#verification#treasuries#institutional#defi#tradfi#blockchain
Read Original →via The Block
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