With more than $10 trillion in funds under management, BlackRock, the world’s largest in this sense, has also made a rapid entry into the crypto industry. Bitcoin spot ETFs have so far received billions of dollars of investment, and interest in the tokenisation fund has started to grow.

It reached 250 million in a week

According to the news from the US media Bloomberg, until yesterday, $160 million came to the BUIDL fund announced by the company last week. However, according to blockchain data; Ondo Finance, a real-world assets (RWA) platform, also added $84 million to the fund yesterday. However, the value of the fund was $244 million.

This fund, created in partnership with Securitize, is actually a tokenised money market fund. The fund, which invests in US Treasury bonds, repurchase agreements and cash, works on the Ethereum blockchain. The fund also pays dividends to its qualified investors in BUIDL tokens, which will be equal to US dollars.

In a recent statement, BlackRock CEO Larry Fink stated that the world of the future is in tokenisation and Bitcoin spot ETF applications are the first step to enter this world.