BlackRock’s BUIDL has become the first tokenized U.S. Treasury fund to distribute $100M in dividends, underscoring surging institutional demand and cementing tokenized treasuries as a rising digital asset class.
JPMorgan has launched a pilot of its JPMD deposit tokens on the Base platform, emphasizing their advantages over traditional stablecoins. This move aims to enhance liquidity and efficiency within digital asset transactions, marking a significant step in banking innovation.
Blackrock’s BUIDL has emerged as a dominant player in the tokenized treasuries market, capturing 67% of a recent $450 million influx. This development highlights the growing interest and potential of digital financial assets amidst evolving market dynamics.
Discover the latest in digital asset evolution with insights on tokenized treasuries like Blackrock’s BUIDL. JPMorgan predicts their challenge to stablecoins but suggests coexistence. Stay informed at The Bitcoin Street Journal.
Ethena, a global digital asset investment platform, has invested $46 million in tokenized real-world assets (RWAs) through BlackRock’s Alternative Liquidity “BUIDL” strategy. The investment includes:
– $25 million in BlackRock’s Global Private Credit Fund II BUIDL – US$
– $10 million in BlackRock’s Private Credit Fund BUIDL – US$
– $5 million in BlackRock’s Core Private Credit Fund BUIDL – US$
– $5 million in Mountain’s Agriculture BAIL II
– $1 million in Superstate’s Maiden Fund
Discover how Ethena selects BlackRock’s BUIDL, Mountain, Superstate, and Sky’s USDS for a $46M investment in tokenized real-world assets (RWA). Stay informed with The Bitcoin Street Journal’s insightful coverage.