According to Odaily Planet Daily, the tokenization platform Securitize announced the launch of a conversion service between Circle stablecoin (USDC) and the US dollar, dedicated to BlackRock's US Dollar Institutional Digital Liquidity Fund (BUIDL).
The integration aims to reduce investment costs and simplify the subscription process for traditional financial investors to BUIDL funds. Securitize has partnered with BlackRock to issue BUIDL tokens on the Ethereum blockchain.
Blockchain infrastructure company Zero Hash will support the conversion between U.S. dollars and digital assets for the service, which is aimed at accredited investors and aims to accelerate investment in the BUIDL fund.
