Investors in BlackRock’s history-making tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), now have a way to quickly and easily convert their holdings into (CRYPTO: USDC) stablecoin, thanks to a new collaboration between BlackRock (NYSE:BLK) and Circle Inc.
What Happened: The stablecoin issuer on Thursday announced the development of a smart contract specifically designed for BUIDL.
This innovative technology allows BUIDL investors to seamlessly trade their fund shares for USDC, essentially “cashing out” their investment 24/7 in a near-instantaneous process.
“This is a significant step forward for the entire tokenized asset ecosystem,” said Jeremy Allaire, CEO of Circle.
“While tokenization unlocks exciting investment opportunities, ensuring easy and efficient exits is crucial for broader adoption. USDC’s integration with ...