BlackRock Files With SEC to Offer Fund With Tokenization Firm Securitize
- BlackRock plans USD Institutional Digital Liquidity Fund
- Citigroup estimated tokenized market can expand to $5 trillion
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BlackRock Inc. is preparing to offer a fund through a partnership with digital-asset specialist Securitize, making it the latest Wall Street behemoth to experiment with putting money on blockchains.
The world’s largest asset manager said it plans to launch “BlackRock USD Institutional Digital Liquidity Fund Ltd.” with Securitize, a digital-asset firm specializing in tokenization, according to a filing to the US Securities and Exchange Commission dated on March 14 that was listed on the agency’s website Monday.