BlockBeats news, on October 15, 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).
Securitize said in a statement that the integration aims to reduce investment costs and simplify the subscription process for traditional financial investors to the BUIDL fund. The company worked with BlackRock to issue BUIDL tokens on the Ethereum blockchain.
Blockchain infrastructure company Zero Hash will provide support for conversions between US dollars and digital assets for the service. The service is aimed at qualified investors and aims to accelerate investment in the BUIDL fund. According to Etherscan data, the BUIDL fund is worth approximately US$550 million, making it one of the largest products of its kind.
