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1.5 Billion Dollar: BlackRock Celebrates a New Achievement in the World of Cryptocurrencies, Not Bitcoin
BlackRock, which already represents a financial force valued at 10 trillion Dollars in the traditional finance sector, continues to expand its presence in the digital assets space. This time, its assets under management, provided by the BUIDL fund - a symbolic investment tool - have exceeded 1.5 billion Dollars, according to Arkham Intelligence.
For those who don't know, BUIDL operates in a simple way, being fully backed by cash, U.S. Treasury bonds, and repurchase agreements, distributing
BlackRock, which already represents a financial force valued at 10 trillion Dollars in the traditional finance sector, continues to expand its presence in the digital assets space. This time, its assets under management, provided by the BUIDL fund - a symbolic investment tool - have exceeded 1.5 billion Dollars, according to Arkham Intelligence.
For those who don't know, BUIDL operates in a simple way, being fully backed by cash, U.S. Treasury bonds, and repurchase agreements, distributing
ARKM13.8%