BlackRock tokenized investment fund BUIDL inflows rise to $245 million
According to data from rwa xyz, the tokenized investment fund BUIDL of BlackRock has seen an inflow of funds increase to $245 million. In the week since its launch, it has experienced strong demand, with $95 million flowing in from Ondo Finance contributing to its growth. Its $245 million size is second only to Franklin Templeton's Franklin Blockchain Enabled US Government Money Fund (FOBXX), which has $360 million in deposits. As cryptocurrency companies and global financial giants compete to bring traditional tools such as bonds onto the blockchain, US Treasuries are the gateway to tokenizing real-world assets.
About an hour ago, it was reported that the tokenized investment fund BUIDL of BlackRock had already seen an inflow of $160 million in the first week of its launch.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Russian Man Heats His House and Makes Profits by Mining Bitcoins
XRP Killer Token Set to Surpass PEPE Memcoin's 1,250% Gain
TRUMP Memcoin May Threaten US National Security
Bank of America CEO: Crypto Payments Await Approval
The Bank of America believes that crypto could help complement existing traditional structures if the right policies and measures are implemented.