TechFlow news — On October 15, according to Decrypt, tokenized real-world asset firm Securitize announced the launch of a conversion service between Circle's stablecoin USDC and U.S. dollars for BlackRock's Institutional Digital Liquidity Fund (BUIDL). This integration aims to reduce investment costs and streamline the subscription process for traditional financial institutions investing in BUIDL.
Carlos Domingo, CEO of Securitize, said the service enables digital asset firms to remain on-chain throughout the entire investment lifecycle, enabling near-instant transparent settlements and cross-platform transfers. Blockchain infrastructure company Zero Hash will provide the bridging support between U.S. dollars and digital assets for this service.
