BlackRock’s USD Institutional Digital Liquidity Fund

Qualified investors can now subscribe to BlackRock’s USD Institutional Digital Liquidity Fund by converting USDC stablecoins to U.S. dollars through an integration between tokenization firm Securitize and crypto-as-a-service platform Zero Hash, according to a recent announcement.

BUIDL is the largest fund for real-world assets in its category, boasting approximately $550 million in assets under management as of October 15. It invests directly in U.S. Treasurys and repo agreements, which yield returns for on-chain token holders. Similar to stablecoins, the fund’s BUIDL tokens aim to maintain a peg to the U.S. dollar.

Carlos Domingo, co-founder and CEO of Securitize, stated, "The introduction of the integration feature between USDC to USD to allow investors to subscribe to BUIDL has been highly sought after since the launch. We anticipate this will further accelerate the fund's adoption.”

Securitize, affiliated with BlackRock, issues BUIDL tokens on Ethereum. The collaboration with Zero Hash facilitates direct swaps of digital assets for dollars on-chain, allowing for a seamless investment lifecycle. This integration provides near-instant and transparent settlement while streamlining the subscription process.

Zero Hash is a FinCEN-registered money service business and regulated money transmitter.

The ability for BUIDL holders to transfer shares for USDC was first enabled by stablecoin issuer Circle in April.