If you’re the last person to know about BlackRock, then consider its investments in the global infrastructure of crypto. The behemoth of all investment banks has roughly $10 trillion in assets under management.
We in the crypto industry realize the rising practice of tokenization, and BlackRock is now looking for a slice of the financial pie. Its recent investment is bringing attention to itself.
From BlackRock to Coinbase—Millions Transfer With Ease
What we know starts with $100 million coming from various investors all into one fund. Researchers confirm that the money transferred from BlackRock’s wallet to Coinbase is intended for the tokenization sector.
However, the number of real-world assets to be invested in hasn’t been disclosed, yet the $100 million secured into Coinbase says a great deal.
Coinbase
- Regulated exchange
- An easy-to-use platform
- Free crypto training offered
Coinbase
Of course, this amount is a small “fee,” considering what the investment firm usually handles. What investors are concerned with, truthfully, are the ramifications of tokenization and how to profit from it. The developments between Coinbase and BlackRock are largely under wraps.
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
BlackRock’s BUIDL fund is in partnership with Coinbase, which is designed to leverage a stake in “yield tokens” and profit from where the market goes. Yield tokens, which are called treasury tokens, work just like stable coins that “tether” to the dollar.
The difference is that instead of the USD as the asset backing a token, yield tokens are backed by bonds and U.S. Treasury notes.
As stated by agency reps:
“BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month. The fund invests 100% of its total assets in cash, U.S. Treasury bills, and repurchase agreements, allowing investors to earn yield while holding the token on the blockchain.”
With Both “Securitize” and Coinbase Involved …
Coinbase announced its partnership with BlackRock back in March of 2024. In the third week of March, the agency comes to focus as treasury tokens are reporting higher values in the market. In Coinbase’s own words:
“This partnership reflects our commitment to connecting institutions to crypto and demonstrates our ability to provide the necessary technology and products to support the rapidly growing tokenization sector.”
Coinbase partnered with BlackRock in the past, boasting a lucrative stance in the market for Bitcoin ETFs. However, Coinbase isn’t the only agency providing technical support. The following leaders in the crypto industry are also playing a key role:
- BNY Mellon
- Fire Blocks
- Anchorage Digital Bank
- BitGo
We have confirmed recent developments since Coinbase’s ledger is a public one. From it, we know that BlackRock’s BUIDL wallet has received a number of large donations, totaling roughly $100.05 million. If you’re also ready to invest, you need a good platform too. With its work reaching far and wide, we suggest reading our Coinbase review to learn more.
