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242-year-old bank warns of rising FOMO on Wall Street
Key takeaways
- The process is called tokenization, which involves using blockchain technology to tokenize real-world assets (RWAs) such as property, financial instruments, music, art, etc.
- Related: What is tokenization?
- For instance, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund that invests in cash, U.S.
The process is called tokenization, which involves using blockchain technology to tokenize real-world assets (RWAs) such as property, financial instruments, music, art, etc. A digital token represents the ownership of the underlying asset.
Related: What is tokenization? Explained
For instance, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund that invests in cash, U.S. Treasury bills, and repurchase agreements. The fund holds $2.35 billion in total asset value, as per rwa.xyz.
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