According to BlockBeats news, on March 26, Bernstein analysts said that the tokenized fund planned to be launched by BlackRock will "bring legitimacy" to public smart contract chains such as Ethereum. BlackRock launched its BUIDL tokenized private equity fund earlier this month, another move into the digital asset space following the launch of a spot Bitcoin ETF. BUIDL is a liquid fund that invests in U.S. Treasury bills, repurchase agreements (short-term borrowing agreements for dealers in government securities) and cash, according to SEC filings, which did not provide a release date. Analysts explained that Anchorage, Coinbase, BitGo and Fireblocks will be ecosystem partners that facilitate custody and settlement of digital assets, while BNY Mellon will facilitate interoperability with traditional markets by hosting fund assets.

According to BlockBeats news, on March 26, Bernstein analysts said that the tokenized fund planned to be launched by BlackRock will "bring legitimacy" to public smart contract chains such as Ethereum. BlackRock launched its BUIDL tokenized private equity fund earlier this month, another move into the digital asset space following the launch of a spot Bitcoin ETF. BUIDL is a liquid fund that invests in U.S. Treasury bills, repurchase agreements (short-term borrowing agreements for dealers in government securities) and cash, according to SEC filings, which did not provide a release date. Analysts explained that Anchorage, Coinbase, BitGo and Fireblocks will be ecosystem partners that facilitate custody and settlement of digital assets, while BNY Mellon will facilitate interoperability with traditional markets by hosting fund assets.