BlackRock Will Launch a Tokenized Investment Fund
BlackRock, in partnership with Securitize, is launching a tokenized private equity fund as it expands its involvement in digital assets.
The company recently filed a Form D with the Securities and Exchange Commission for the USD Institutional Digital Liquidity Fund, which requires a minimum investment of $100,000 from outside investors.
The offering does not specify a launch date and has no reported finder’s fees, but shows estimated sales commissions of $525,000.
Securitize Markets, a compliant platform for digital assets headquartered in Miami, will be handling the sale. The fund also created a token called the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain, with a maximum quantity of 100 tokens and currently only one holder.
