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    HomeOthersBlackRock expands tokenized money market fund BUIDL to five blockchains

    BlackRock expands tokenized money market fund BUIDL to five blockchains

    "The tokenization of real-world assets is expanding and we are excited about the addition of these blockchains to maximize the potential of the BUIDL ecosystem."

    Securitize , the tokenization partner of BlackRock, announced that BUIDL, BlackRock's money market fund, is now available in five additional blockchains.

    BUIDL is the largest tokenized public blockchain money market fund, with a market capitalization of $517 million.

    It may not be a big deal for the MSM or ALTmedia, but the world's central banks, financial giants and financial technology groups are now rapidly developing systems where literally everything is converted into a unique digital record stored on the blockchain. This is called tokenisation and every physical object is converted into a digital representation.

    This system is absolutely critical for CBDC, or stablecoins, or whatever they call them by other names.

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