BlackRock’s tokenized U.S. Treasury fund, BUIDL, has officially gone live with 24/7 real-time on-chain liquidity, thanks to a strategic integration with Ethena Labs. This move significantly improves accessibility, composability, and capital efficiency for institutional investors and DeFi users. The partnership enables atomic swaps between BUIDL and USDtb—a stablecoin primarily backed ...
BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest exchange-traded fund (ETF) in history to surpass $70 billion in assets under management (AUM), according to data cited by Bloomberg ETF analyst Eric Balchunas. The milestone was reached in just 341 days—a pace five times quicker than the previous record held ...
Investor enthusiasm for BlackRock’s iShares Bitcoin Trust (IBIT) has shown no signs of slowing, with the spot Bitcoin ETF notching 16 consecutive days of inflows and edging closer to $5 billion in new capital. This surge in institutional interest coincided with Bitcoin’s brief spike to $97,500 during early trading on ...
Asset management giant BlackRock is taking another significant step into blockchain-based finance by filing to launch digital ledger technology (DLT) shares for one of its money market funds. The initiative, outlined in an April 29 filing with the U.S. Securities and Exchange Commission (SEC), aims to modernize how ownership records ...
BlackRock has recently secured approval from the UK’s Financial Conduct Authority (FCA) to operate as a crypto asset firm, marking a major milestone for the global investment giant. According to DL News, with approximately $12 trillion in assets under management, BlackRock is now authorized to offer its new European Bitcoin ...
Ethena Labs has deepened its presence in the tokenized U.S. Treasuries market, adding another $225 million worth of BlackRock’s BUIDL tokens on March 25, according to data from Arkham Intelligence. This latest acquisition brings Ethena’s total BUIDL holdings to $1.29 billion, solidifying its influence in the rapidly growing sector. At ...
BlackRock is making a major move into the European crypto market with its first Bitcoin exchange-traded product (ETP). Trading under the ticker IB1T on Xetra and Euronext Paris, and BTCN on Euronext Amsterdam, the launch represents a significant step in the firm’s expansion beyond North America. According to a Bloomberg ...
Robert Mitchnick, BlackRock's head of digital assets, suggested in a Yahoo Finance interview on March 19 that a U.S. recession could boost Bitcoin adoption. He highlighted that Bitcoin's decentralized and inflation-resistant properties may increase demand during economic downturns, especially in environments of significant fiscal stimulus and low interest rates. "A ...
DeFi protocol Frax Finance has opened voting on whether to adopt BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as the primary reserve asset for its upcoming stablecoin, Frax USD (frxUSD). The voting period runs from December 27, 2024, to January 1, 2025. “The vote to onboard Blackrock $BUIDL as the ...
In March 2024, BlackRock launched the BUIDL token as part of its USD Institutional Digital Liquidity Fund and within a few months, it had amassed over $500 million in assets under management (AUM). Designed as an ERC-20 token on Ethereum, BUIDL enables institutional investors to earn yields on tokenized U.S. ...
