Komainu introduces custody support for BlackRock’s BUIDL Token.
The BUIDL Token, which stands for BlackRock USD Institutional Digital Liquidity Fund, is a tokenised fund created by BlackRock, the world’s largest asset manager. Operating on the Ethereum blockchain, BUIDL offers institutional investors exposure to US dollar yields through tokenisation.
BUIDL, designed strictly for institutional investors, merges BlackRock’s expertise in traditional finance with the efficiency and transparency of blockchain technology. By tokenising a US dollar fund, BlackRock is providing a new avenue for institutional investors to participate in the digital asset ecosystem while maintaining familiar USD-based returns.
The addition of BUIDL to Komainu’s custody offering highlights our commitment to supporting a diverse range of digital assets. This provides BUIDL token holders with a trusted custody solution backed by Komainu’s robust security measures and regulatory compliance.
Source: Komainu
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