BlackRock’s BUIDL token on the Ethereum blockchain, created with asset tokenization platform Securitize, represents investment in a fund that holds U.S. Treasury bills and repo agreements. Its price is pegged to $1, and holders receive a yield from the underlying assets paid in the token. The offering is targeted to large institutional investors.
![BlackRock’s Tokenized Fund Quickly Rakes in 5M, Right Behind Franklin Templeton’s Older Offering BlackRock’s Tokenized Fund Quickly Rakes in 5M, Right Behind Franklin Templeton’s Older Offering](https://www.coindesk.com/resizer/b6yremUocjLZ2a2HPC-M-KrTcc4=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LENOPPXKHZCH5MZVU3B3VHASE4.jpg)