BlackRock, the world’s largest asset manager, is venturing further into digital assets by launching a tokenized private equity fund in collaboration with financial services firm Securitize. Last Thursday, BlackRock filed a Form D with the Securities and Exchange Commission, notifying of its USD Institutional Digital Liquidity Fund. This pooled investment fund will require outside investors to contribute a minimum of $100,000.
The Form D filing indicates that the fund’s estimated sales commissions stand at $525,000, with no reported finder’s fees. However, the filing does not specify a launch date for BlackRock’s latest offering. Securitize Markets, based in Miami and known for its regulatory-friendly approach to digital assets, is listed as the platform conducting the sale.
A token named BlackRock USD Institutional Digital Liquidity Fund (BUIDL) was minted on the Ethereum blockchain on March 5, as per Etherscan records. While the token has a maximum supply of 100 tokens, only one holder is currently recorded.
Since receiving regulatory approval in January, BlackRock’s iShares Bitcoin ETF (IBIT) has amassed $15.5 billion in assets under management, making it the second-largest spot Bitcoin ETF, according to available data. Notably, BlackRock oversees a staggering $9 trillion in assets under management.
As of now, neither BlackRock nor Securitize have provided immediate comments regarding this development.
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