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* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> BlackRock’s Real World Assets Can Now Be Swapped for USDC – CoinsMegaNews

BlackRock’s Real World Assets Can Now Be Swapped for USDC

1 year ago CryptoExpert
BlackRock Now Holds 196,065 BTC, Surpassing MicroStrategy’s Holdings

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The financial system is witnessing a transformative change as Circle announces a groundbreaking development. Investors holding shares in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) can now seamlessly exchange their tokenized real-world assets for USDC.

This new smart contract functionality promises to revolutionize how investors interact with their assets, offering unprecedented speed, transparency, and efficiency.

Swapping BlackRock’s Real World Assets for USDC

“Tokenization of real-world assets is a rapidly emerging product category,” remarked Jeremy Allaire, Circle’s CEO. He further emphasized the importance of this innovation.

“USDC enables investors to move out of tokenized assets at speed, lowering costs and removing friction. We’re thrilled to provide this functionality to BUIDL investors and deliver the core benefits of blockchain transactions via USDC availability to investors,” Allaire added.

The introduction of BUIDL has been a significant milestone in the journey towards asset tokenization. It provides a glimpse into the future of finance, where blockchain technology bridges the gap between digital and real-world assets. The seamless integration offered by this fund showcases the potential of blockchain in reshaping the financial industry.

Read more: What Are Tokenized Real-World Assets (RWA)?

With Circle’s latest smart contract functionality, transferring BlackRock’s BUIDL shares for USDC on the secondary market becomes frictionless. This innovation ensures investors looking to sell their BUIDL shares can maintain their position in the market.

USDC’s trusted and transparent nature makes it an ideal choice for those seeking a stable and reliable digital currency. Therefore, this development is a significant step forward in the evolution of digital finance, providing investors with greater flexibility and control over their assets.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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