May 14, 2024
Funds

ETFs and mutual funds are all going to be on blockchain, says Franklin Templeton CEO – Ledger Insights

Jenny Johnson, President and CEO, Franklin Templeton has long been a blockchain fan. “Eventually I think ETFs and mutual funds are all going to be on blockchain,” she told Bloomberg TV last week. The asset manager issued a money market fund on blockchain, which was the largest blockchain-based treasury fund until last week. The Franklin Onchain US Government Money fund has a market capitalization

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Crypto

Tokenization Company Backed Gets $9.5M Investment as Crypto’s Real World Asset Race Increases

Tokenized asset issuer Backed said Tuesday that it has raised $9.5 million in a funding round led by Gnosis. Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic also participating. With the investment, the company aims to speed up its private tokenization offering and onboard asset

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Funds

BlackRock’s digital fund attracts $245m from 7 investors in a week – Ledger Insights

A week ago BlackRock unveiled its BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a money market fund that aims to offer a stable $1 value. One week on, BUIDL has attracted $245 million in assets from seven investors. Ondo Finance, which previously tokenized BlackRock ETF funds, has shifted $95 million into the BUIDL fund and makes up

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Crypto

BlackRock (BLK) Unveils Tokenized RWA Fund on Ethereum Network, Invests in Tokenization Platform Securitize

Asset management giant BlackRock (BLK) officially unveiled its tokenized asset fund on the Ethereum network on Wednesday. The BlackRock USD Institutional Digital Liquidity Fund is represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasury bills, and repurchase agreements, and will provide yield paid out via blockchain rails every day to token

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Investors

Former BlockTower investors raise $6.5 million for crypto yield marketplace Superform

Superform Labs, a crypto startup founded by two former BlockTower Capital investors and a former Microsoft product manager, has raised $6.5 million in seed and angel funding rounds. Polychain Capital led the seed round, with BlockTower Capital, Maven 11, Circle Ventures, and other firms participating, Superform said Wednesday. Angel investors in the round included Arthur

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