BlackRock, the world’s largest asset manager, has filed a Form D with the SEC for the BlackRock USD Institutional Digital Liquidity Fund, marking the firm’s entry into tokenized asset funds. The fund, created in 2023 under the jurisdiction of the British Virgin Islands, seeks exemptions under the Investment Company Act Section 3(c) to exempt it from certain SEC regulations.
BlackRock’s CEO, Larry Fink, has expressed bullish sentiments about Bitcoin and believes that the next step forward is the tokenization of financial assets. Fink envisions every stock and bond being tokenized, providing investors with unique identification and enabling seamless settlement processes.
Securitize, registered as a stock transfer agent and alternative trading system with the SEC, has experience tokenizing assets for various firms, including KKR and Mancipi. The firm has also partnered with SBI Digital Markets in Singapore and acquired Onramp Invest, a cryptocurrency fund manager with over $40 billion in assets under management.
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