ETH - BlackRock Files For Mystery-Sized Tokenized Asset Fund After CEO Larry Fink's Thumbs Up | Benzinga
Financial behemoth BlackRock Inc (NYSE:BLK) has submitted a filing with the Securities and Exchange Commission, outlining plans to create a new fund centered on tokenized assets. The firm has kept the total size of the fund under wraps.
What Happened: Stationed in the British Virgin Islands and founded in 2023, the newly proposed BlackRock USD Institutional Digital Liquidity Fund will be launched in partnership with asset tokenization firm Securitize, which is poised to operate as a collective investment vehicle.
According to a document filed with the SEC, BlackRock stated that it is looking to attract capital, setting a minimum threshold of $100,000 for investments from any individual outside investor. Though BlackRock opted not to reveal the fund’s size in its filing, it mentioned that investments ...