Solana Gets A $1.7 Billion Boost As BlackRock Expands Tokenized Funds
Financial management behemoth BlackRock has made another move in its approach to blockchain by starting a fund for big clients on the Solana network. Reports from Fortune say that this fund, called the USD Institutional Digital Fund (BUIDL), is now available on seven different blockchain platforms. Related Reading: Solana Co-Founder Challenges Layer 2s—Are They Even […]
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With the Spot Bitcoin and Ethereum ETF already trading, there have been discussions about whether or not fund issuers will apply for other crypto ETFs. Specifically, market experts have questioned if the world’s largest asset manager, BlackRock, will file for spot ETFs for other altcoins like Solana and XRP. BlackRock Unlikely To File For Spot […]
As BlackRock expands its presence in the cryptocurrency space with the launch of Bitcoin and Ethereum exchange-traded funds (ETFs), the asset manager has released a comprehensive Bitcoin paper that outlines BTC’s importance and its broader impact on the financial landscape. The Case For Bitcoin Authored by key executives including Samara Cohen, Chief Investment Officer for […]
In order to accelerate the growth and advancement of key ventures in Solana’s blockchain ecosystem, five strategic investment funds totaling $100 million have been launched. 5 New Funds Bring $100M According to the company’s press release, the new funding will go toward projects for the Asian market that are being developed on Solana’s blockchain, with […]
There is a substantial demand for tokenized bonds and real estate. The market for tokenized assets is rapidly growing, with a value that has surpassed $50 billion. Related Reading: Meme Coin Platform Pond.fun Loses 65 ETH In Insider Job Real estate comprises a substantial portion, with tokenized properties totaling $30 billion. Financial analysts anticipate that […]
Amid growing institutional adoption of cryptocurrencies, it seems as though that Blackrock, the world’s largest asset manager, has now set its eyes on the rapidly expanding crypto space. Back in January, Bloomberg reported that Blackrock was adding Bitcoin futures as eligible investments in two of its funds — the first time the firm had offered […]