貝萊德的代幣化基金透過以太坊融資 2.45 億美元，推動證券代幣化

貝萊德基於以太坊的 BUIDL 基金自推出以來一周內迅速累積了 2.45 億美元的以太坊代幣。該基金投資於現金、美國公債和回購協議，目標是與美元維持1:1的平價。資金湧入包括 Ordo Finance 的 9,200 萬美元捐款，突顯了證券代幣化的日益普及以及對以太坊 ETF 的期望。

BlackRock's Tokenized Institutional Fund Draws $245 Million in Ethereum Tokens

貝萊德的代幣化機構基金籌集了 2.45 億美元的以太坊代幣

BlackRock's Ethereum-based Digital Liquidity Fund (BUIDL) has garnered an impressive $245 million in Ethereum tokens within just seven days of its inception, according to Etherscan data. The fund, launched on March 20th with an initial $5 million investment, has witnessed a steady influx of capital, including a significant $92 million contribution from Ordo Finance, a platform specializing in tokenizing real-world assets.

根據 Etherscan 數據，貝萊德基於以太坊的數位流動性基金 (BUIDL) 在成立後的短短 7 天內就籌集了價值 2.45 億美元的以太坊代幣。該基金於 3 月 20 日推出，初始投資 500 萬美元，目前資本穩定湧入，其中包括專門從事現實世界資產代幣化的平台 Ordo Finance 的 9,200 萬美元巨額捐款。

Adoption of Securities Tokenization

採用證券代幣化

Ordo Finance has hailed BlackRock's embrace of securities tokenization through the launch of BUIDL, highlighting the collaborative efforts of various ecosystem participants. The platform expressed its belief that "tokenization of traditional securities on public blockchains represents the next major step in the evolution of financial markets."

Ordo Finance 對貝萊德透過推出 BUIDL 對證券代幣化的擁抱表示歡迎，強調了各個生態系統參與者的協作努力。該平台表示相信“公共區塊鏈上傳統證券的代幣化代表了金融市場演變的下一個重大步驟。”

Fund Composition

基金組成

BUIDL is not classified as a traditional stablecoin like USDT or USDC; however, BlackRock has clarified that its value is designed to maintain parity with the U.S. dollar at a 1:1 ratio. BlackRock specifies that the fund allocates 100% of its assets to cash, U.S. Treasury bills, and repurchase agreements.

BUIDL 不像 USDT 或 USDC 那樣被歸類為傳統穩定幣；不過，貝萊德已澄清，其價值旨在與美元保持1:1的平價。貝萊德指定該基金將100%的資產配置為現金、美國國庫券和回購協議。

Regulatory Outlook

監理展望

The fund's documentation was filed with the U.S. Securities and Exchange Commission (SEC) on March 14th, reigniting hopes for an Ethereum exchange-traded fund (ETF). Despite the SEC's previous resistance to BlackRock's iShares Ethereum Trust ETF, the development suggests a potential shift in regulatory stance. The SEC has also postponed a decision on Grayscale's Ethereum ETF until the end of May.

該基金的文件於 3 月 14 日向美國證券交易委員會 (SEC) 提交，重新點燃了人們對以太坊交易所交易基金 (ETF) 的希望。儘管美國證券交易委員會先前對貝萊德的 iShares 以太坊信託 ETF 持抵制態度，但事態發展表明監管立場可能發生轉變。美國證券交易委員會也將對 Grayscale 的以太坊 ETF 的決定推遲到 5 月底。

Market Position

市場地位

Based on data from the Real-World Assets (RWA) platform, BUIDL holds the second position behind Franklin Templeton's Franklin OnChain U.S. Government Money Fund, with a market capitalization of $360.2 million. BUIDL's market capitalization currently stands at $106.5 million.

根據 Real-World Assets (RWA) 平台的數據，BUIDL 排名第二，僅次於富蘭克林鄧普頓的富蘭克林 OnChain 美國政府貨幣基金，市值為 3.602 億美元。 BUIDL 的市值目前為 1.065 億美元。

CEO's Perspective

執行長的觀點

BlackRock CEO Larry Fink, speaking to CNBC in January, emphasized his support for crypto-based exchange-traded funds, particularly in the wake of the SEC's approval of the first Bitcoin ETFs. He stated, "I see value in having an Ethereum ETF," suggesting that such funds could serve as a stepping stone towards broader tokenization.

貝萊德執行長 Larry Fink 一月份在接受 CNBC 採訪時強調了他對基於加密貨幣的交易所交易基金的支持，特別是在 SEC 批准第一批比特幣 ETF 之後。他表示，“我看到了以太坊 ETF 的價值”，這表明此類基金可以作為更廣泛的代幣化的踏腳石。

Future Outlook

未來展望

While there is substantial interest in an Ethereum spot ETF, it remains to be seen whether its market reception will match the enthusiasm witnessed by Bitcoin ETFs, which garnered $4.5 billion on their debut day. Nevertheless, the launch of BUIDL and the potential regulatory green light for similar products signify a growing recognition of digital assets within the traditional financial landscape.

儘管人們對以太坊現貨 ETF 很感興趣，但其市場反應是否能與比特幣 ETF 的熱情相媲美仍有待觀察，比特幣 ETF 首日就獲得了 45 億美元的收益。儘管如此，BUIDL的推出以及類似產品的潛在監管綠燈標誌著傳統金融領域對數位資產的認可度不斷提高。