Ethereum

Cryptocurrency

Avalanche

According to the latest information, BlackRock's BUIDL fund, which was previously deployed on the Ethereum network, will also be deployed on Avalanche (AVAX). 
According to the latest onchain data, digital platform Securitize, which manages the fund, has started operating BlackRock’s yield-generating BUIDL fund on the Avalanche blockchain. 
Initially launched on Ethereum, BUIDL was launched to provide US dollar returns to qualified investors through a blockchain-based subscription provided by Securitize Markets, LLC. 
In essence, BUIDL allows investors to hold a fixed value token worth $1 and have daily accrued dividends paid directly to investors’ wallets. 
The fund maintains its liquidity by investing in cash, U.S. Treasury bonds, and repurchase agreements. By tokenizing the fund, BlackRock aims to expand investor access, enable transparent reconciliations, and facilitate seamless transfers between platforms. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-blackrocks-cryptocurrency-fund-to-launch-on-surprise-altcoin-network/">BREAKING: BlackRock’s Cryptocurrency Fund to Launch on Surprise Altcoin Network</a>

BREAKING: BlackRock’s Cryptocurrency Fund to Launch on Surprise Altcoin Network

Bitcoin Sistemi EN

Other articles published on Nov 4, 2024

Polymarket Shows Trump Leading Kamala Harris With 58.7% Winning Probability, Harris Holds 41.4% A...

OKX Ventures, The Open Platform, and Folius Ventures Launch $10M Telegram Growth Hub

SEC Appeal vs Ripple: A Make-or-Break Moment for Digital Assets in America

US Elections Could Lead to Turbulence in Bitcoin and Altcoins: Analytics Firm Interprets Potentia...

Ripple SVP: Blockchain for Good with Internet of Value

Is It Truly a Bull Run? Leading Crypto Firms Reduce Headcount Despite Bitcoin Surge

Join our free newsletter for daily crypto updates!