TLDR:
- Zero Hash processed conversions of $18.68 million from USDC to USD within a day for BlackRock's impressive $500 million tokenized initiative, BUIDL.
- Securitize has teamed up with Zero Hash to streamline USDC to USD conversions, enhancing investment options for the BUIDL fund.
- With assets exceeding $500 million, BUIDL stands as the largest tokenized fund globally, offering attractive investment opportunities.
- Performance enhancements by Zero Hash now underpin approximately 70% of the tokenized fund market, revolutionizing payment systems.
- This strategic integration aims at improving the investor experience on the blockchain, and broadening access to secure investments.
Momentum is building for BlackRock's BUIDL fund, partly due to a new alliance between Securitize and Zero Hash, which has facilitated crucial USDC conversions. Remarkable progress saw $18.68 million converted in just one day for the hefty $500 million fund. Zero Hash October 15, 2024, marked a pivotal moment for Securitize as it joined forces with Zero Hash, empowering institutions to convert USDC to USD to access BlackRock’s digital fund, BUIDL.
Providing seamless operational support round the clock, Zero Hash ensures robust infrastructure for tokenized investments.
Carlos Domingo, leading Securitize, posits that this much-anticipated integration could bolster BUIDL's reach, aligning with their goal of revolutionizing capital markets.
The partnership is set to bridge a crucial gap for Web3 companies, facilitating their access to premium stable investments typically managed in traditional finance.
This functionality ensures that digital asset enterprises can smoothly navigate the investment journey without stepping off the blockchain.
Zero Hash's leading-edge infrastructure now backs the lion's share of tokenized money market funds, encompassing not just BlackRock’s BUIDL but also Franklin Templeton's offer.
BUIDL offers a myriad of benefits like blockchain trading and ownership transfers, with fast and transparent settlement designed for savvy investors.
For those eligible to invest in BlackRock's BUIDL, further details are readily available on Securitize’s platform.
This seamless integration is predicted to simplify processes for USDC holders, potentially drawing more interest to tokenized market sectors. Head of Blockonomi and creator of Kooc Media, a UK online powerhouse, champions open-source, blockchain, and a free internet ethos. His insights have been referenced by major publications like Nasdaq and Forbes. Reach him at [email protected].
