Securitize Integrates With Zero Hash To Enable Purchase Of BlackRock’s BUIDL Through USDC Conversion
In Brief
Securitize announced that institutions can now convert USDC to USD and subscribe to BlackRock’s USD Institutional Digital Liquidity Fund.
Tokenization platform Securitize announced that qualified institutions can now convert their USDC into USD through its integration with Zero Hash, a platform designed to facilitate the conversion between US dollars and digital assets. This allows institutions to subscribe to BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
By integrating with Zero Hash, Securitize enables digital asset companies to maintain an on-chain presence throughout the entire investment lifecycle. This integration allows investors to utilize their USDC for investments in BUIDL, enhancing the efficiency of the process.
Launched in March 2024, BUIDL is designed to provide investors with several benefits, including the ability to issue and trade ownership on a blockchain. This approach not only broadens access to on-chain offerings but also ensures near-instantaneous and transparent settlements and facilitates transfers across various platforms.
As of October 15th, BUIDL is recognized as the world’s largest tokenized fund, boasting $550 million in assets under management (AUM). The fund aims to maintain a stable value of $1 per token while paying daily accrued dividends directly to investors’ wallets in the form of new tokens each month. BUIDL invests 100% of its total assets in cash, US Treasury bills, and repurchase agreements, providing investors with the opportunity to earn yields in US dollars while holding their tokens on-chain.
Securitize Drives RWA Tokenization By Partnering With Leading Asset Managers
Securitize is focusing on the tokenization of real-world assets (RWAs), aiming to transition these assets onto the blockchain by creating tokenized funds in collaboration with leading asset managers such as BlackRock, Hamilton Lane, and KKR.
The company functions as an SEC-registered broker-dealer, digital transfer agent, and operator of a regulated Alternative Trading System (ATS) through its subsidiaries.
Recently, Securitize teamed up with Wormhole Foundation to enhance cross-chain interoperability for all assets tokenized on its platform. This partnership is designed to position Wormhole as the official blockchain interoperability provider for both Securitize’s existing and future tokenized assets.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
