NEW BLACKROCK TOKENIZED FUND GARNERS $160 MILLION IN DEPOSITS

Summary from the TLDR Crypto newsletter

BlackRock's first tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has attracted $160 million in inflows within the first week of its launch, boosted by contributions from tokenized real-world asset platform, Ondo Finance. The fund, which invests in U.S. Treasury bills, repurchase agreements, and cash, provides dividends to qualified investors in the form of tokens representing U.S. dollar yield.