Monat: November 2024

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BlackRock expands BUIDL to Aptos, Arbitrum and Optimism

  • BlackRock has announced its tokenized US Treasuries fund is now available on other chains.
  • The company has expanded beyond Ethereum, with BlackRock USD Institutional Digital Liquidity Fund (BUIDL) now on Aptos, Avalanche, Arbitrum, Polygon and Optimism.

BlackRock has expanded its tokenized US Treasuries fund beyond Ethereum, adding support for multiple blockchain networks.

In an announcement on Nov. 13, the asset manager said its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accessible across Aptos (APT), Avalanche (AVAX), Arbitrum (ARB), Polygon (POL) and Optimism (OP).

This means investors can explore BUIDL, the tokenized fund that launched in March 2024 and issued by real-world asset tokenization provider Securitize, on other chains other than Ethereum.

BlackRock will launch new share classes of BUIDL on the five networks, offering native interaction and near real-time year-round access. Set to benefit are investors and decentralised autonomous organisations among other crypto-native firms.

Securitize chief executive officer and co-founder Carlos Domingo, commented:

“Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do.”

BlackRock’s BUIDL has grown to become the world’s largest tokenized fund by assets under management.

According to data from RWA.xyz, the global RWA on-chain market is over $13 billion. Per the market data, about $2.3 billion is in tokenized treasuries, dominated by BlackRock. The BUIDL fund currently accounts for $521 million of this market, ahead of Ondo U.S. Dollar Yield that as an AUM of $451 million.

The post BlackRock expands BUIDL to Aptos, Arbitrum and Optimism appeared first on CoinJournal.

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Trump confirms Musk and Ramaswamy will lead ‘DOGE’ agency to drive out wasteful spending

  • DOGE aims to “slash excess regulations [and] cut wasteful expenditures”
  • In a statement, Trump said the new agency should finish their work no later than July 4, 2026
  • Following the news, Dogecoin rose to $0.4121

President-elect Donald Trump has announced that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE) to “dismantle government bureaucracy.”

Tesla CEO Musk and entrepreneur Ramaswamy will “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the ‘Save America’ movement,” said Trump in a post on Truth Social.

According to Trump, the objectives of DOGE have been dreamed of by Republicans for a “very long time.”

The aim of the new agency is to provide advice and guidance outside of the US government, and to work with the White House and the Office of Management and Budget as they “drive out the massive waste and fraud” within the $6.5 trillion federal budget.

Per the statement, Trump said that their work will finish no later than July 4, 2026.

In a post on X, Musk said all actions of DOGE “will be posted online for maximum transparency.”

Musk, who was a familiar face during Trump’s election campaigns, has become an influential figure within the Trump administration.

Since Trump’s election campaign, Musk has played a “significant role” in shaping the Trump administration and even appeared in a Trump family photo on election night, reports ABC News.

According to federal spending records, Musk contributed around $119 million to a pro-Trump spending group.

Following the news of the new DOGE agency, the price of Dogecoin rose to $0.4121, according to data from CoinMarketCap. In the past seven days, the altcoin has risen by nearly 95% amid a wider price rally within the crypto market, following Trump’s election win.

The post Trump confirms Musk and Ramaswamy will lead ‘DOGE’ agency to drive out wasteful spending appeared first on CoinJournal.