贝莱德的以太坊货币市场基金飙升至 1.6 亿美元大关

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

贝莱德基于以太坊的货币市场基金飙升至 1.6 亿美元

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.

总部位于纽约的贝莱德公司（纽约证券交易所代码：BLK）见证了其最近推出的货币市场基金的资金流入激增，该基金利用以太坊区块链来记录股权。在推出一周内，贝莱德美元机构数字流动性基金已积累了超过 1.6 亿美元的资产。

Investment Strategy and Utility

投资策略与效用

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.

该基金将其投资分配给现金、美国国库券和回购协议。该基金的投资者收到 BUIDL，这是一种加密货币，每个代币价值 1 美元。贝莱德投资工具合作伙伴 Securitize 批准数字钱包，以促进代币在经过验证的地址之间的转移。

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.

贝莱德已成为主流金融机构中加密货币的坚定倡导者。董事长兼首席执行官拉里·芬克 (Larry Fink) 断言，每项金融资产最终都将被代币化。该公司的 iShares 比特币信托基金（纳斯达克股票代码：BITO）自 1 月份推出以来已吸引超过 130 亿美元的资金流入。

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

Securitize 创始人兼首席执行官 Carlos Domingo 确定了代币化基金的三个主要用例：

• 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

加密货币金库管理：该基金迎合寻求在区块链上管理其金库的加密货币公司，包括去中心化自治组织（DAO）。衍生品开发：该基金可以作为开发国库券衍生品的加密货币项目的基础资产。稳定币替代方案：产品提供了稳定币的替代品，可用作借贷和交易的抵押品。竞争格局

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.

富兰克林邓普顿于 2021 年推出了首只在美国注册的代币化货币市场基金。截至 2 月，其资产约为 3.24 亿美元。然而，代表富兰克林邓普顿基金份额的代币 BENJI 不可在基金投资者之间转让。

Regulatory Considerations

监管考虑

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 是在美国证券交易委员会 (SEC) 注册的另类交易系统，持有金融业监管局 (FINRA) 颁发的经纪自营商许可证。其附属公司是在 SEC 注册的转让代理，使其客户能够在彼此之间转让代币。

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

多明戈强调，美国证券交易委员会尚未就企业是否必须使用私有区块链或公共区块链进行代币化提供指导。

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.

美国证券交易委员会最近加强了对以太坊网络原生代币以太币的审查。贝莱德的基金利用该网络进行交易处理。多明戈坚持认为，这些调查应与区块链基础设施本身分开考虑。

"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."

“无论是安全还是公共以太坊作为基础设施，在我看来这是两个不同的事情，”他说。 “公共以太坊区块链是经过考验的基础设施，非常适合我们执行的活动类型。”

Conclusion

结论

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.

贝莱德基于以太坊的货币市场基金获得了巨大的关注，在推出一周内就吸引了超过 1.6 亿美元的资产。该基金的创新方法，加上人们对加密货币日益增长的兴趣，使其成为数字资产领域的知名参与者。