"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.