Vote to use BlackRock’s BUIDL as backing asset for Frax stablecoin goes live

December 27, 2024 Coin Telegraph

BlackRock USD Institutional Digital Liquidity Fund

Voting on the proposal is open from Dec. 27 until Jan. 1, with all votes that have been cast so far in favor of the proposal.

The Frax Finance community vote to adopt BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as a reserve asset for the proposed stablecoin Frax USD (frxUSD) has gone live.

Opened on Dec. 26, votes cast by the decentralized finance (DeFi) lending protocol tokenholders (FXS) have so far all been in favor of the proposal. All of the comments in the discussion are also in favor. The vote will remain open until Jan. 1, 2025.

Source: Frax Finance

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Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

December 22, 2024 Coin Telegraph

blackrock

According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

Securitize, the brokerage firm for the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.

According to the improvement proposal, using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock.

The proposal is still subject to a community vote before BUIDL — which invests in United States government securities — is added as a reserve asset for the proposed Frax USD stablecoin.

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Former Grayscale Boss Joins Asset Tokenization Firm Securitize

December 12, 2024 Bitcoin.com

asset tokenization

Michael Sonnenshein former CEO of digital asset manager Grayscale Investments, has been appointed Chief Operating Officer (COO) of Securitize. Grayscale Executive Michael Sonnenshein Pivots to Asset Tokenization Ten-year Grayscale veteran Michael Sonnenshein who led the digital investment giant from 2021 to 2024 has now joined asset tokenization leader Securitize as its chief operating officer (COO), […]

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Securitize Unveils Vault System to Revolutionize Institutional Defi Liquidity

November 19, 2024 Bitcoin.com

bitcoin.com

Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs). Bridging Finance and Defi: Securitize Launches Next-Gen S-Token Vault The project, revealed in a statement shared with Bitcoin.com News, was developed by Securitize Credit, a subsidiary of Securitize. It links up […]

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BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon

November 13, 2024 The Daily Hodl

Altcoins

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), […]

The post BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon appeared first on The Daily Hodl.

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Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

October 19, 2024 Bitcoin.com

Blackrock Targets Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Binance

Blackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]

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Ethena to launch new stablecoin backed by BlackRock’s BUIDL

September 26, 2024 Coin Telegraph

Bitget

Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock.

Ethena Labs took to X on Sept. 26 to announce its new stablecoin project, UStb (USTB), which will be built in partnership with major Bitcoin investor (BTC) BlackRock and the digital securities platform Securitize.

The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token.

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Securitize Selects Wormhole as Official Blockchain Interoperability Provider

September 21, 2024 Bitcoin.com

asset tokenization

Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems. Securitize Enhances Tokenized Asset Liquidity Through Wormhole Integration According to the announcement […]

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Securitize adds Wormhole for multi-chain RWA tokens

September 20, 2024 Coin Telegraph

blackrock

Easier cross-chain transferability for RWAs is crucial to institutional adoption, executives say.

Securitize, a tokenization platform, has integrated cross-chain communication protocol Wormhole in an effort to “bring cross-chain capabilities to all assets tokenized through the Securitize platform,” Securitize said in a Sept. 20 announcement.

Real-world assets (RWAs) — including tokenized claims on financial assets, commodities, or art — are emerging as one of cryptocurrency’s most popular market segments but constraints on transferability among blockchain networks and wallets hinder adoption.

"Tokenized securities need to thrive on public, permissionless blockchains to unlock the potential of blockchain technology," Carlos Domingo, Securitize’s CEO, said in a statement.

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Blackrock’s BUIDL Fund Reaches $500M Milestone; Tokenized Treasuries Tap $1.8B

July 9, 2024 Bitcoin.com

Blackrock’s BUIDL Fund Reaches 0M Milestone; Tokenized Treasuries Tap .8B

bitcoin.com

According to the latest data, Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone. This achievement coincides with the value of tokenized U.S. Treasuries reaching $1.81 billion. Half Billion Milestone for Blackrock’s BUIDL Fund This week, Blackrock’s USD Institutional Digital Liquidity Fund, also known […]

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