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BlackRock tokenized investment fund BUIDL inflows rise to $245 million

BlackRock tokenized investment fund BUIDL inflows rise to $245 million

CointimeCointime2024/03/28 00:13
By:Cointime

According to data from rwa xyz, the tokenized investment fund BUIDL of BlackRock has seen an inflow of funds increase to $245 million. In the week since its launch, it has experienced strong demand, with $95 million flowing in from Ondo Finance contributing to its growth. Its $245 million size is second only to Franklin Templeton's Franklin Blockchain Enabled US Government Money Fund (FOBXX), which has $360 million in deposits. As cryptocurrency companies and global financial giants compete to bring traditional tools such as bonds onto the blockchain, US Treasuries are the gateway to tokenizing real-world assets.

About an hour ago, it was reported that the tokenized investment fund BUIDL of BlackRock had already seen an inflow of $160 million in the first week of its launch.

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