貝萊德的以太幣貨幣市場基金飆升至 1.6 億美元大關

BlackRock's Ethereum-Based Money Market Fund Surges Past $160 Million

貝萊德基於以太坊的貨幣市場基金飆升至 1.6 億美元

New York-based BlackRock Inc. (NYSE: BLK) has witnessed a surge in inflows into its recently launched money market fund, which leverages the Ethereum blockchain to record share ownership. Within a week of its debut, the BlackRock USD Institutional Digital Liquidity Fund has amassed over $160 million in assets.

總部位於紐約的貝萊德公司（NYSE：BLK）見證了其最近推出的貨幣市場基金的資金流入激增，該基金利用以太坊區塊鏈來記錄股權。在推出一週內，貝萊德美元機構數位流動性基金已累積了超過 1.6 億美元的資產。

Investment Strategy and Utility

投資策略與效用

The fund allocates its investments across cash, U.S. Treasury bills, and repurchase agreements. Investors in the fund receive BUIDL, a cryptocurrency valued at $1 per token. Securitize, BlackRock's partner for the investment vehicle, approves digital wallets that facilitate the transfer of tokens between validated addresses.

該基金將其投資分配給現金、美國國庫券和回購協議。該基金的投資者收到 BUIDL，這是一種加密貨幣，每個代幣價值 1 美元。貝萊德投資工具合作夥伴 Securitize 批准數位錢包，以促進代幣在經過驗證的地址之間的轉移。

BlackRock has emerged as a staunch advocate for cryptocurrencies among mainstream financial institutions. Chairman and CEO Larry Fink has asserted that every financial asset will ultimately be tokenized. The company's iShares Bitcoin Trust (NASDAQ: BITO) has attracted over $13 billion in inflows since its launch in January.

貝萊德已成為主流金融機構中加密貨幣的堅定倡導者。董事長兼執行長 Larry Fink 斷言，每項金融資產最終都將被代幣化。該公司的 iShares 比特幣信託基金（納斯達克股票代碼：BITO）自 1 月推出以來已吸引超過 130 億美元的資金流入。

Carlos Domingo, founder and CEO of Securitize, identifies three primary use cases for the tokenized fund:

Securitize 創辦人兼執行長 Carlos Domingo 確定了代幣化基金的三個主要用例：

• Crypto Treasury Management: The fund caters to crypto companies seeking to manage their treasuries on blockchains, including decentralized autonomous organizations (DAOs).
• Derivative Development: The fund can serve as a foundational asset for crypto projects developing derivatives of Treasury bills.
• Stablecoin Alternative: The product offers an alternative to stablecoins and can be utilized as collateral for borrowing and trading.

Competitive Landscape

加密貨幣金庫管理：該基金迎合尋求在區塊鏈上管理其金庫的加密貨幣公司，包括去中心化自治組織（DAO）。衍生性商品開發：該基金可作為開發國庫券衍生性商品的加密貨幣專案的基礎資產。穩定幣替代方案：產品提供了穩定幣的替代品，可用作借貸和交易的抵押品。競爭格局

Franklin Templeton launched the first US-registered tokenized money market fund in 2021. As of February, its assets stood at approximately $324 million. However, BENJI, the token representing shares in the Franklin Templeton fund, is not transferable between fund investors.

富蘭克林鄧普頓於 2021 年推出了首隻在美國註冊的代幣化貨幣市場基金。截至 2 月，其資產約為 3.24 億美元。然而，代表富蘭克林鄧普頓基金份額的代幣 BENJI 不可在基金投資者之間轉讓。

Regulatory Considerations

監管考慮

Securitize Markets, an alternative trading system registered with the Securities and Exchange Commission (SEC), holds a broker-dealer license with the Financial Industry Regulatory Authority (FINRA). Its affiliated company is a registered transfer agent with the SEC, enabling its clients to transfer tokens between themselves.

Securitize Markets 是在美國證券交易委員會 (SEC) 註冊的另類交易系統，持有金融業監理局 (FINRA) 頒發的經紀自營商許可證。其附屬公司是在 SEC 註冊的轉讓代理，使其客戶能夠在彼此之間轉讓代幣。

Domingo emphasizes that the SEC has not provided guidance on whether firms must use private or public blockchains for tokenization.

多明哥強調，美國證券交易委員會尚未就企業是否必須使用私有區塊鏈或公共區塊鏈進行代幣化提供指引。

The SEC has recently intensified its examination of Ether, the native token of the Ethereum network. BlackRock's fund utilizes this network for transaction processing. Domingo maintains that these investigations should be considered separately from the blockchain infrastructure itself.

美國證券交易委員會最近加強了對以太坊網路原生代幣以太幣的審查。貝萊德的基金利用該網絡進行交易處理。多明哥堅持認為，這些調查應與區塊鏈基礎設施本身分開考慮。

"Whether it's a security versus public Ethereum as an infrastructure, those are two different things in my opinion," he stated. "The public Ethereum blockchain is a battle-tested infrastructure that is very good for the type of activities we perform."

「無論是安全還是公共以太坊作為基礎設施，在我看來這是兩個不同的事情，」他說。 “公共以太坊區塊鏈是經過考驗的基礎設施，非常適合我們執行的活動類型。”

Conclusion

結論

BlackRock's Ethereum-based money market fund has gained significant traction, attracting over $160 million in assets within a week of its launch. The fund's innovative approach, combined with the growing interest in cryptocurrencies, positions it as a notable player in the digital asset landscape.

貝萊德基於以太坊的貨幣市場基金獲得了巨大的關注，在推出一周內就吸引了超過 1.6 億美元的資產。該基金的創新方法，加上人們對加密貨幣日益增長的興趣，使其成為數位資產領域的知名參與者。