Securitize, a platform that helps turn real-world assets into digital tokens, has teamed up with Zero Hash to make it easier for qualified investors to invest in BlackRock’s BUIDL tokenized fund using the USDC stablecoin.
This collaboration means that institutional investors can now purchase the BlackRock USD Institutional Digital Liquidity Fund with USDC. However, the USDC will be converted to U.S. dollars through Zero Hash to facilitate the transaction process.
Carlos Domingo, the co-founder and CEO of Securitize, mentioned in a statement that this new feature was introduced in response to the increasing demand from clients. By using Zero Hash to convert USDC to USD, the transaction becomes more efficient and remains on-chain, as highlighted by Domingo.
The BUIDL fund, BlackRock’s first tokenized fund, was launched on the Ethereum blockchain in March 2024. Currently, the fund has over $550 million in assets under management, making it a significant player in the real-world assets market.
Investors who participate in the BUIDL fund gain exposure to U.S. Treasury bills, cash, and repurchase agreements through an on-chain asset that maintains a value of $1 per token. They also receive daily accrued dividends, which are distributed to their wallets on a monthly basis.
According to rwa.xyz, the total value of real-world assets on-chain exceeds $12.8 billion, with more than $2.2 billion in tokenized treasuries and $1.6 billion on Ethereum alone.
Among the different tokenized funds available, BlackRock’s BUIDL leads the market with a market cap of over $550 million. Following closely behind are the Ondo U.S. Dollar Yield and the Franklin Onchain U.S. Government Money Fund, with market caps of over $441 million and $437 million, respectively.
This partnership between Securitize and Zero Hash opens up new opportunities for investors looking to diversify their portfolios with tokenized assets. By leveraging the USDC stablecoin and Zero Hash’s infrastructure, institutional investors can now access BlackRock’s BUIDL fund with ease, contributing to the growth of the digital asset market.