BUIDL, which is a jumbled form of ‘Build’ is a tokenized fund issued by BlackRock Financial Management Inc. Built on the Ethereum blockchain, traditional investors can put their money on the fund and earn yields in US dollars by subscribing to it through Securitize Markets, LLC.
This article will serve as a go-to guide for understanding the BUIDL token, including its economics, past performance, and future price forecasts. In the end, you can find the details about where and how you can buy these tokens, should be interested in that kind of information. Let’s get started without any further ado.
BUIDL Key Features
- Stablecoin: BUIDL is a money market fund that is pegged to the US dollar and pays out dividends.
- Low-risk investments: The fund’s primary investments include good-old cash, treasury bills, and repurchase agreements.
- Tokenization of the fund allows transparent and immediate settlements and cross-platform support.
BUIDL Tokenomics
BlackRock filed a plan to tokenize its fund last month. However, it does not contain the details of what assets would the fund hold or how much. As of January, BlackRock has over $15 billion in assets under management.
BUIDL Past Performance
The token is yet to be listed on exchanges. Since the instrument is a stablecoin, it will be trading at around $1.
BUIDL Price Prediction
BlackRock is a prominent name in the investment world. Though the token is not yet listed on exchanges and we do not have any historical data to make extrapolations, our experts think that the token has significant yield potential, especially in the backdrop of the upcoming Bitcoin halving event.
Where to Buy BUIDL
For the time being, interested and qualified investors can buy the BUIDL token through a platform called Securitize Markets LLC. We expect that BlackRock will soon expand its availability to major crypto exchanges.
Conclusion
BUIDL marks a step ahead in BlackRock’s plans to go pro-crypto. By tokenizing its fund, it will be made accessible to a wider audience at much less frictional costs. Though the token is yet to hit exchanges, our analysts are optimistic about BlackRock’s move. However, keep in mind that crypto investment involves an element of systemic risk.
The value of your investment and the return from it can drastically fluctuate over time. The reader is cautioned to stay out of highly complex financial instruments and leveraged investments. These are a gateway to losing the principal and being taken out of the market.
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