🌎 Securitize Integrates Zero Hash to Streamline BlackRock Token Fund Access

Securitize, the platform for tokenizing real-world assets, has integrated Zero Hash to enable qualified investors to easily subscribe to BlackRock’s tokenized fund via the USDC stablecoin.

Integration with Zero Hash

Securitize announced its partnership with the stablecoin infrastructure platform Zero Hash, facilitating institutional investors to purchase the BlackRock USD Institutional Digital Liquidity Fund using USDC. However, investors’ USDC will be converted to U.S. dollars through Zero Hash.

Carlos Domingo, co-founder and CEO of Securitize, mentioned in the press release that this new feature addresses the increasing demand from clients. The use of Zero Hash for converting USDC to USD ensures efficient transactions and keeps the process “natively on-chain,” Domingo highlighted.

BlackRock’s Tokenized Fund

BUIDL is BlackRock’s first tokenized fund, launched in March 2024 on the Ethereum blockchain. The fund is expanding in the real-world assets market with over $550 million in assets under management.

Investors in the fund have access to U.S. Treasury bills, cash, and repurchase agreements within an on-chain asset that maintains a $1 per token value. Daily accrued dividends are sent to investors’ wallets monthly.

Market Overview

According to recent data, the total value of real-world assets on-chain is currently over $12.8 billion. Of this, more than $2.2 billion is in tokenized treasuries, with $1.6 billion on Ethereum.

BlackRock’s BUIDL leads with a market cap exceeding $550 million, followed by the Ondo U.S. Dollar Yield and the Franklin Onchain U.S. Government Money Fund, with market caps of over $441 million and $437 million respectively.