TechFlow News, September 4 — According to an official blog post, Layer 1 blockchain network Injective announced the launch of the world's first tokenized index for BlackRock's BUIDL fund, providing users with an innovative on-chain financial tool to access the fund. The BUIDL fund is BlackRock's first tokenized fund issued on a public blockchain, offering institutional investors yields from assets such as U.S. Treasury securities. The fund currently manages over $500 million in assets, making it the largest tokenized fund to date.
"The launch of the BUIDL index demonstrates the immense potential of Injective's infrastructure to fully decentralize traditional finance," said Injective CEO Eric Chen. "This marks the first time both institutional and retail users can directly access novel real-world asset products led by BlackRock."
