Big step for the crypto market!
BlackRock’s BUIDL fund, which represents tokenized U.S. Treasury securities, has just surpassed the historic milestone of US$900 million in assets under management (AUM) within the Avalanche network $AVAX In just one week, the value nearly doubled, recording an impressive 105% jump.
For those who aren’t familiar with the topic, this means major investors and traditional financial institutions are putting a lot of real money (RWA) onto the blockchain, seeking the security of the U.S. government combined with Avalanche’s speed and low fees.
With this growth, Avalanche is consolidating its strength in the institutional market and becoming the second-largest network to host the BUIDL fund, behind only Ethereum. The traditional financial market and cryptocurrencies are more closely connected than ever. The future is on-chain!
#AVAX
#BlackRock
#RWA
#Avalanche
#Tokenization
BlackRock’s BUIDL fund, which represents tokenized U.S. Treasury securities, has just surpassed the historic milestone of US$900 million in assets under management (AUM) within the Avalanche network $AVAX In just one week, the value nearly doubled, recording an impressive 105% jump.
For those who aren’t familiar with the topic, this means major investors and traditional financial institutions are putting a lot of real money (RWA) onto the blockchain, seeking the security of the U.S. government combined with Avalanche’s speed and low fees.
With this growth, Avalanche is consolidating its strength in the institutional market and becoming the second-largest network to host the BUIDL fund, behind only Ethereum. The traditional financial market and cryptocurrencies are more closely connected than ever. The future is on-chain!
#AVAX
#BlackRock
#RWA
#Avalanche
#Tokenization