Unchained

How BlackRock’s New Fund on Ethereum Got a Very Crypto Welcome - Ep. 623

Mar 22, 2024
Guest
Carlos Domingo
Carlos Domingo, Founder and CEO of Securitize, dives into BlackRock's groundbreaking tokenized investment fund on Ethereum. He reveals how the fund, designed for crypto institutions, offers faster transactions and daily dividends. Carlos discusses BlackRock's bold embrace of the crypto space, their strategies to handle regulatory concerns, and why Ethereum was chosen as the platform. The discussion also covers the fund's initial reception in the crypto community and the potential implications of such institutional interest in digital assets.
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ANECDOTE

Regulatory Scrutiny

  • BlackRock, being highly regulated, needed assurance about Securitize's compliance.
  • Securitize underwent extensive reviews to meet BlackRock's standards.
INSIGHT

Securitize's Role

  • Securitize manages investor onboarding, monitors transactions, and reports positions.
  • They act as the distributor and explain the fund's characteristics.
INSIGHT

Custody Solutions

  • Crypto companies like Anchorage, BitGo, Coinbase, and Fireblocks offer custody solutions.
  • They provide custody for the investors in the BUIDL fund.
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