In April 2024, the Bank for International Settlements (BIS), in partnership with seven central banks and private industry firms, announced a pilot program to explore the potential that tokenization, smart contracts, and “programmable platforms” have to offer traditional monetary systems and financial infrastructure. This collaboration, named Project Agora, will build on a BIS proposal of […]
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Shortly following the release of the BUIDL tokens, FalconX, the first CFTC registered dealer for digital asset swap, announced it would accept the institutional client tokens as collateral on its trading platform. FalconX is a well suited partner for BlackRock’s newly minted fund, merging the gap between traditional and digital financial services. Their brokerage firm […]
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While the utility of blockchain technology seems endless, so too is the prospect for coins and tokens in institutional banking and financial firms. In Spring of this year, Blackrock announced its offering of a tokenized money-market fund called Blackrock USD Institutional Digital Liquidity (BUIDL). The fund invests in cash, US Treasury bills, and repurchase agreements […]
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