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Securitize founder and CEO Carlos Domingo has the scoop on why Blackrock’s new fund had to be launched early and offers suggestions on how to deal with the Tornado Cash dust.
Posted on March 22, 2024 at 7:00 AM EST.
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On Wednesday, BlackRock, one of the world’s leading asset management companies, announced the launch of the BlackRock USD Institutional Digital Liquidity (BUIDL) Fund, a tokenized investment fund developed in collaboration with Securitization Corporation.
Carlos Domingo, founder and CEO of Securitize, discusses the launch of the fund. The fund is native to the public Ethereum blockchain and aims to provide institutional-grade cash management products to cryptocurrency institutions, providing faster token issuance, redemption, and transferability.
learn more: What is Real World Asset (RWA) Tokenization? A Beginner’s Guide
He also discussed how BlackRock has embraced cryptocurrencies, how the fund’s launch was a “front run” by crypto Twitter, and how ETH tainted by authorized Tornado Cash ETH was He also talked about how BlackRock will deal with issues such as being sprayed on the Internet.
Show highlights:
- What is the BUIDL Fund, its essence and purpose?
- How funds reward users using a system similar to crypto airdrops
- Whether you were concerned about the regulatory aspects of bringing this product on-chain
- Securitize’s role in our partnership with BlackRock
- What funds flowed into the fund on the first day and who are the target investors?
- Why BlackRock chose to build this product on Ethereum
- Carlos talks about BlackRock’s stance on cryptocurrencies
- How a fund launch was led by crypto insiders
- How wallets associated with the fund received unintended funds from linked wallets in North Korea, and whether Ethereum should implement an address mechanism to authorize transferred funds.
- Is the contract secure and what steps does Securitize take to make it safer for its users?
- BlackRock and Securitize Partnership Roadmap
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BlackRock USD Institutional Digital Liquidity (BUIDL) Fund
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