Securitize has teamed up with Zero Hash to facilitate the process of purchasing BlackRock’s BUIDL through a streamlined USDC conversion.

In Brief

Securitize has recently highlighted that qualifying institutions can seamlessly turn their USDC into USD, an important step facilitated by their integration with Zero Hash.

Tokenization platform Securitize This integration aids institutions in efficiently subscribing to BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) by allowing them to convert digital currencies into traditional fiat. Zero Hash Through its collaboration with Zero Hash, Securitize empowers companies in the digital asset sector to maintain an on-chain identity across the entire investment process, enabling the use of USDC for BUIDL investments more efficiently.

BUIDL is designed to cater to investors by offering the ability to mint and trade ownership on a blockchain. This not only enhances access to on-chain offerings but also guarantees quick, transparent settlements while allowing for transfers across various digital platforms.

Launched in March 2024, BUIDL As of the middle of October 2024, BUIDL stands as the largest tokenized fund globally, with assets totaling $550 million. The fund's objective is to keep each token valued at around $1, alongside granting daily dividends paid in the form of new tokens directly into investors' wallets each month. 100% of the fund's assets are invested in cash reserves, U.S. Treasury bills, and repurchase agreements, presenting investors a chance to earn US dollar yields while securely holding their tokens on-chain.

BUIDL continues to innovate! We’re thrilled to share that eligible investors now have the option to convert their USDC through Securitize's integration with BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).

Securitize is pushing the envelope on tokenization of real-world assets (RWAs) by collaborating with top-tier asset managers to bring these assets onto the blockchain through tokenized investment funds. $USDC to $USD Operating as a registered broker-dealer, Securitize functions as a digital transfer agent and manages a regulated Alternative Trading System (ATS) through its subsidiaries. @ZeroHashX , to subscribe into @BlackRock In recent developments, Securitize has collaborated with the Wormhole Foundation to enhance cross-chain compatibility for all assets tokenized within its inclusive platform, effectively positioning Wormhole as the go-to provider for blockchain interoperability for both current and future tokenized assets of Securitize.

Check out the press release:… pic.twitter.com/X13VlateTL
— Securitize (@Securitize) uk

The USD Institutional Digital Liquidity Fund provides an opportunity for institutional investors to engage with digital assets, however, it’s crucial for individuals to recognize that information shared here should not be interpreted as legal, financial, or investment advice. Always invest responsibly and consult a financial advisor if you have questions or concerns. For comprehensive guidance, we recommend reviewing the issuer’s terms and conditions along with the help documentation.

uz uz Alisa, an enthusiastic journalist at Cryptocurrencylistings, focuses her reporting on the cryptocurrency landscape, zero-knowledge proofs, investments, and the wide sphere of Web3. With her insightful perspective on emerging trends and technologies, she aims to keep readers informed and engaged in the dynamic field of digital finance. vi vi

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