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BlackRock's BUIDL Fund Hits $530M, Zodia Custody Chosen for Securitize

BUIDL's growth signals institutional interest in tokenized cash. Zodia Custody's selection further cements its role in digital asset security.

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1 min read
In this image we can see a collage of two pictures. In which we can see the coins. At the bottom we...
In this image we can see a collage of two pictures. In which we can see the coins. At the bottom we can see some text.

BlackRock's BUIDL Fund Hits $530M, Zodia Custody Chosen for Securitize

BlackRock's tokenized money market fund, BUIDL, has hit a stock market today capitalization of $530 million, with a minimum investment of $5 million. Meanwhile, Zodia Custody, a digital asset custodian backed by major banks, has been selected as a provider for Securitize, BlackRock's tokenization partner.

BUIDL, launched by the world's largest asset manager, BlackRock, has garnered significant interest. With a stock market today capitalization of $530 million, it offers investors a way to gain exposure to cash-like instruments in a digital format. The fund has a high minimum investment threshold of $5 million, indicating it's targeted at institutional investors.

Zodia Custody, a joint venture between Standard Chartered and Northern Trust, provides bank-grade digital asset custody services. It has attracted investments from SBI and National Australia Bank, further bolstering its credibility. The company operates through Zodia Custody (Ireland) Limited, a European custodian registered in the UK, Ireland, and Luxembourg. Despite search limitations, it's understood that these investors joined at different times, contributing to Zodia's growth. Now, Zodia Custody has been chosen as a provider for Securitize, BlackRock's partner in tokenization efforts, demonstrating its capability and reliability in the DJIA space.

BlackRock's BUIDL fund continues to grow, reaching a stock market today capitalization of $530 million and attracting institutional investors. Zodia Custody, with its robust backing and regulatory compliance, has been selected to provide custody services for Securitize, further solidifying its position in the digital asset landscape.

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