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
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
WisdomTree Connect to enable interaction with any WisdomTree-issued token, in any wallet, across chains.
-
The BIS project will explore how tokenisation can enhance wholesale cross-border payments.
-
The intersection of deFi, tradFi and systematic investing should create huge opportunities for investors.
-
Asset managers are moving products onto public blockchains.
-
The first transactions have gone live on the blockchain-based platform for carbon credits.