With more than $10 trillion in assets under management, BlackRock, the world’s largest company in this area, has officially announced the “USD Institutional Digital Liquidity Fund”. Details about the assets held by the fund have not yet been announced, but the cooperation with Securitize brings the RWA category to the forefront.

Exempt from some SEC rules

BlackRock’s notification to the SEC was made on Form D. Such forms generally allow companies to manage funds under certain exemptions. It is stated that the fund, based in the British Virgin Islands, will be exempt from some of the SEC’s regulations.

100 million USDC transfer

After the announcement of the fund, it was also noteworthy to see a USDC transfer of $100 million on the Ethereum blockchain. Blockchain data shows that 100 million USDC was sent to a Securitize address. Analysts also state that this money could be a seed investment for the fund.

Larry Fink gave the message

As it will be remembered, BlackRock CEO Larry Fink stated a few months ago that his moves on Bitcoin spot ETFs and Ethereum spot ETFs were actually the first steps taken for the tokenisation of assets. Fink said in a program that BlackRock does not think that the next step will be the tokenisation of financial assets, which means that every stock, every bond will be in a general wallet and everyone will have a number and identity, so that illegal transactions will be prevented.

After BlackRock’s announcement, Ondo Finance’s token ONDO, one of the crypto projects serving in the RWA field, increased by more than 40%.