{"id":31176,"date":"2024-04-15T11:14:57","date_gmt":"2024-04-15T11:14:57","guid":{"rendered":"https:\/\/icoinmarket.com\/blackrocks-real-world-assets-can-now-be-swapped-for-usdc\/"},"modified":"2024-04-15T11:14:57","modified_gmt":"2024-04-15T11:14:57","slug":"blackrocks-real-world-assets-can-now-be-swapped-for-usdc","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/blackrocks-real-world-assets-can-now-be-swapped-for-usdc\/","title":{"rendered":"BlackRock’s Real World Assets Can Now Be Swapped for USDC"},"content":{"rendered":"
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The financial system is witnessing a transformative change as Circle announces a groundbreaking development. Investors holding shares in BlackRock\u2019s USD Institutional Digital Liquidity Fund (BUIDL) can now seamlessly exchange their tokenized real-world assets for USDC. <\/p>\n
This new smart contract functionality promises to revolutionize how investors interact with their assets, offering unprecedented speed, transparency, and efficiency.<\/p>\n
\u201cTokenization of real-world assets is a rapidly emerging product category,\u201d remarked Jeremy Allaire, Circle\u2019s CEO. He further emphasized the importance of this innovation. <\/p>\n
\n\u201cUSDC enables investors to move out of tokenized assets at speed, lowering costs and removing friction. We\u2019re thrilled to provide this functionality to BUIDL investors and deliver the core benefits of blockchain transactions via USDC availability to investors,\u201d Allaire added.<\/p>\n<\/blockquote>\n
The introduction of BUIDL has been a significant milestone in the journey towards asset tokenization. It provides a glimpse into the future of finance, where blockchain technology bridges the gap between digital and real-world assets. The seamless integration offered by this fund showcases the potential of blockchain in reshaping the financial industry.<\/p>\n
Read more: What Are Tokenized Real-World Assets (RWA)?<\/p>\n
With Circle\u2019s latest smart contract functionality, transferring BlackRock\u2019s BUIDL shares for USDC on the secondary market becomes frictionless. This innovation ensures investors looking to sell their BUIDL shares can maintain their position in the market. <\/p>\n
USDC\u2019s trusted and transparent nature makes it an ideal choice for those seeking a stable and reliable digital currency. Therefore, this development is a significant step forward in the evolution of digital finance, providing investors with greater flexibility and control over their assets. <\/p>\n
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