- BlackRock and Securitize are planning to launch a joint fund.
- Earlier, Larry Fink said that tokenization will become a new trend in the cryptosphere.
BlackRock has filed with the US Securities and Exchange Commission (SEC) to register a new investment fund. This is a joint project between the organization and asset tokenization firm (RWA) Securitize.
The product is called BlackRock USD Institutional Digital Liquidity Fund. The filing does not specify what assets the fund will invest in. However, Securitize’s involvement may indicate that the company plans to invest in RWAs.
Judging by the paperwork, the fund was created back in 2023. Form D, which BlackRock used, is for when a vendor seeks certain exemptions. In this case, an exemption from certain SEC rules.
The size of the fund is labeled “undetermined” in the documents. The minimum investment amount is $100,000. Judging by the onchain data, just that amount of USDC was deposited into the fund a few days ago. However, whether this is the first investment is unknown at the time of writing.
Earlier, BlackRock CEO Larry Fink supported the idea of issuing a spot Ethereum-ETF. According to him, both this fund and its bitcoin-based counterpart, already approved by the SEC, are the next step towards global tokenization of assets.
Fink called RWA directly a new global trend in the cryptosphere.
