Securitize, the firm focused on tokenizing real-world assets, announced that qualified institutions can now convert their USDC to USD via Securitize’s integration with Zero Hash, a crypto and stablecoin infrastructure platform which facilitates conversion between U.S. dollars and digital assets, to subscribe into BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
Carlos Domingo, Co-founder and CEO, Securitize said that the introduction of the integration feature between USDC to USD to allow investors to subscribe into BUIDL has been in “high demand” since the launch.
Domingo added that as they drive the digitization of capital markets via tokenization, they are creating an ecosystem that will aim to ensure a frictionless transaction process that is said to be “natively on chain.”
Historically, it has been hard for Web3 native companies to access high-quality stable investments as these are usually offered via traditional finance channels.
BlackRock’s first tokenized fund issued on a public blockchain, BUIDL, provides qualified investors with the opportunity to “earn U.S. dollar yields on-chain.”
Securitize’s integration with Zero Hash helps digital assets companies to stay on-chain for the entire investment lifecycle.
Zero Hash will allow investors to use their USDC to facilitate investment in BUIDL.
BUIDL, launched in March 2024, offers investors benefits by enabling the issuance and trading of ownership on a blockchain, “expanding investor access to on-chain offerings,” providing near instantaneous and transparent settlement, and “allowing for transfers across platforms.”
BUIDL, which is the tokenized fund with $550M in AUM as of Oct. 15, 2024, seeks to offer a “stable value” of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month.
BUIDL is said to be investing “100% of its total assets in cash, U.S. Treasury bills, and repurchase agreements,” allowing investors the opportunity to earn U.S. dollar yield while “holding the token on-chain.”
Securitize, the firm specializing in tokenizing real-world assets, explains that it is now focusd on bringing the world on-chain via tokenized funds in partnership with asset managers, like BlackRock, Hamilton Lane, KKR.
Securitize, via its subsidiaries, is a Securities and Exchange Commission (SEC)-registered broker dealer and digital transfer agent, and operator of a SEC-regulated Alternative Trading System (ATS).
