According to The Block, asset management giant BlackRock is partnering with financial services company Securitize to launch a tokenized private equity fund, marking the company’s further foray into the digital asset space.
Last Thursday, BlackRock submitted a notice of exempt offering of securities (Form D) to the U.S. Securities and Exchange Commission (SEC), with the aim of issuing its new fund, “USD Institutional Digital Liquidity Fund.” The document indicates that the investment fund requires a minimum investment of $100,000 from external investors, with an expected sales commission of $525,000, and does not declare intermediary fees or provide the launch date for the asset management company’s new product. Securitize Markets, a Miami-based platform with an open attitude towards digital assets, has been designated as the sales agent.
According to data from Etherscan, a token named “BlackRock USD Institutional Digital Liquidity Fund (BUIDL)” was created on the Ethereum blockchain on March 5. The token has a maximum quantity of 100, but currently has only one holder.
