Catenaa, Saturday, January 4, 2025 – BlackRock’s BUIDL token has been approved as a backing asset for Frax Finance’s new stablecoin, frxUSD. The decision follows a governance proposal submitted by Securitize, the broker-dealer managing BlackRock’s tokenized money market fund, which was endorsed by Frax’s decentralized autonomous organization (DAO).  The frxUSD stablecoin, backed by assets held […]

Catenaa, Saturday, March 29, 2025-BlackRock has extended its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to the Solana blockchain, Securitize announced Wednesday.  BUIDL, which launched in March 2024, offers on-chain access to U.S. dollar yields, holding U.S. Treasury bonds and cash. Initially on Ethereum, it has since expanded to networks […]

Catenaa, Monday, April 28, 2025- Six firms, led by BlackRock, account for 88% of all tokenized US Treasurys issued, according to new data released by real-world asset tracker RWA.xyz.  BlackRock’s BUIDL fund dominates the sector, with a market cap of $2.5 billion — a figure 360% higher than its nearest rival. The firm reported $11.6 […]