BUIDL or BlackRock USD Institutional Digital Liquidity Fund is an investment fund based on blockchain. It was launched as a partnership between pioneering cryptocurrency exchange Coinbase and the giant global asset manager BlackRock.
BUIDL offers US dollars yielded through tokenization. This venture can be seen as an integration of blockchain technology with traditional finance. BUIDL leverages 100 million US dollars in the USDC stablecoin transactions.
The investment fund has the aim of providing a stable token to the potential investors with the token pegged at a value of $1. The infrastructure of this investment fund is backed by a consortium that includes firms such as BitGo, Anchorage Digital, Fireblocks, Bank NA, and Coinbase.
Recently, the USDC issuer Circle made an announcement of introducing a new smart contract functionality that will let the token holders of BUIDL transfer their shares for USDC. The transfer can be done directly to the Circle. Let us look at what the Circle CEO had to say about this. CEO, Jeremy Allaire, highlighted the significance that this development can have in the scenario.
He said that the tokenization of real-world assets was a product in the rapidly emerging category. Allaire thinks that asset tokenization is one important dimension that can solve the investor’s pain points. Now, the USDC will let the investors move out of the tokenized assets at a far better speed. Also, it costs a low amount and it removes friction.
He was excited to provide this specific functionality to those who invest in BUIDL. This will enable the investors to receive the core benefits of the blockchain transactions through the availability of USDC to the investors.
Now let us highlight the features of the coin from all this what we know:
BUIDL Features
- BUIDL is a Stablecoin
It is a stablecoin meaning that its price will not keep on fluctuating every second. This stablecoin is pegged to the national currency, the USD. It will pay out dividends.
- BUIDL is Low-Risk
It is a low-risk investment and you can invest the following: Your investment can be in the form of cash or repurchase agreements. It can also be treasury bills.
- Tokenization
As announced by Circle, BUIDL tokenization is going to open up a new platform that is transparent and enables fast-paced settlements.
BUIDL: Where To buy?
Have you been wondering where to buy BUIDL from? Let us look at the answer
You can buy BUIDL from the take issuance platform Securitize, where it is listed. However, the availability of the taken is expected to expand to many other major platforms. Soon, you may be able to buy it from your favorite platforms.
BUIDL Token Information
As of the latest details, it has a market cap of $293,864,383 with a 24-hour volume of 0. Currently, it is available on the Ethereum blockchain. It is an LP fund interest security type. The asset class of the token is listed as pooled investment and fund interest.
BUIDL Fundraiser Information
The total amount that the token has raised so far is $0 USD. It has a soft cap of 0 US dollars. BUIDL is US accredited with an exemption of RegD. the status of the raise is given as open. The minimum required investment is $5,000,000 USD. It is listed as a Class A Shares instrument with a token issuance of institutional transactions.
The dividends that are accrued on a daily basis are directly paid to the wallets of the investors. The dividends will be paid each month as new tokens.
You as an investor have the option to transfer your tokens throughout the year at any time and at any day to all other investors. The only condition is that the investors that you transfer to should be pre-approved.
BUIDL Price And BUIDL Price Prediction
BUIDL as a stablecoin is currently pegged to the US dollar at a rate of around 1 USD. The crypto is not listed in any exchanges, so far. Therefore, there is no historical data on price fluctuation on the coin. However, analyzing all the available data, we conclude that, BUIDL is of great potential and seems to have a promising future.
