Blackrock doubles down on crypto with new digital asset fund
Investment management giant BlackRock (BLK) has created a fund called the BlackRock USD Institutional Digital Liquidity Fund, according to a document filed with the U.S. Securities and Exchange Commission (SEC).
The fund, incorporated in the British Virgin Islands, will be launched in partnership with asset tokenization firm Securitize. The filing does not reveal what assets the fund will hold, but Securitize’s presence potentially suggests the product has something to do with the tokenization of real-world assets, or RWA – industry jargon for representing ownership of a wide range of assets through a token on a blockchain.