TechFlow reports that asset management firm BlackRock has filed Form D for the BlackRock USD Institutional Digital Liquidity Fund with the U.S. Securities and Exchange Commission (SEC), marking the launch of BlackRock's first tokenized asset fund.
The filing indicates that BlackRock established the fund in 2023 but has not yet launched it. The minimum investment for the fund is $100,000 and it will be offered by Securitize, a U.S. digital asset securities company, which will also conduct the token sale. The form lists a sales commission of $525,000 and states the fund's size as "unlimited." The form was signed on March 14.
According to Etherscan, the fund will be tokenized on the Ethereum blockchain using an ERC-20 token named BUIDL, which currently has one holder and a market capitalization of $0. The website also shows that the fund received a transfer of $100 million on March 4.
