tldr; BlackRock’s blockchain-based fund, BUIDL, has paid $100 million in dividends since its launch in March 2024, with over $2 billion in assets. The fund bridges traditional finance with blockchain infrastructure, investing in short-term US Treasury bonds and cash equivalents. Operating on public blockchains, it offers institutional investors regulated money market fund shares as tokens. BUIDL enhances settlement speed, transparency, and liquidity, marking a milestone in institutional adoption of blockchain-based financial products.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; BlackRock’s blockchain-based fund, BUIDL, has paid $100 million in dividends since its launch in March 2024, with over $2 billion in assets. The fund bridges traditional finance with blockchain infrastructure, investing in short-term US Treasury bonds and cash equivalents. Operating on public blockchains, it offers institutional investors regulated money market fund shares as tokens. BUIDL enhances settlement speed, transparency, and liquidity, marking a milestone in institutional adoption of blockchain-based financial products.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.