贝莱德的代币化基金通过以太坊融资 2.45 亿美元，推动证券代币化

贝莱德基于以太坊的 BUIDL 基金自推出以来一周内迅速积累了 2.45 亿美元的以太坊代币。该基金投资于现金、美国国债和回购协议，目标是与美元保持1:1的平价。资金涌入包括 Ordo Finance 的 9200 万美元捐款，突显了证券代币化的日益普及以及对以太坊 ETF 的期待。

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

贝莱德的代币化机构基金筹集了 2.45 亿美元的以太坊代币

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.

根据 Etherscan 数据，贝莱德基于以太坊的数字流动性基金 (BUIDL) 在成立后的短短 7 天内就筹集了价值 2.45 亿美元的以太坊代币。该基金于 3 月 20 日推出，初始投资 500 万美元，目前资本稳定涌入，其中包括来自专门从事现实世界资产代币化的平台 Ordo Finance 的 9200 万美元巨额捐款。

Adoption of Securities Tokenization

采用证券代币化

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 对贝莱德通过推出 BUIDL 对证券代币化的拥抱表示欢迎，强调了各个生态系统参与者的协作努力。该平台表示相信“公共区块链上传统证券的代币化代表了金融市场演变的下一个重大步骤。”

Fund Composition

基金构成

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 那样被归类为传统稳定币；不过，贝莱德已澄清，其价值旨在与美元保持1:1的平价。贝莱德指定该基金将100%的资产配置为现金、美国国库券和回购协议。

Regulatory Outlook

监管展望

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.

该基金的文件于 3 月 14 日向美国证券交易委员会 (SEC) 提交，重新点燃了人们对以太坊交易所交易基金 (ETF) 的希望。尽管美国证券交易委员会之前对贝莱德的 iShares 以太坊信托 ETF 持抵制态度，但事态发展表明监管立场可能发生转变。美国证券交易委员会还将对 Grayscale 的以太坊 ETF 的决定推迟到 5 月底。

Market Position

市场地位

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.

根据 Real-World Assets (RWA) 平台的数据，BUIDL 排名第二，仅次于富兰克林邓普顿的富兰克林 OnChain 美国政府货币基金，市值为 3.602 亿美元。 BUIDL 的市值目前为 1.065 亿美元。

CEO's Perspective

首席执行官的观点

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.

贝莱德首席执行官拉里·芬克 (Larry Fink) 一月份在接受 CNBC 采访时强调了他对基于加密货币的交易所交易基金的支持，特别是在 SEC 批准第一批比特币 ETF 之后。他表示，“我看到了以太坊 ETF 的价值”，这表明此类基金可以作为更广泛的代币化的踏脚石。

Future Outlook

未来展望

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.

尽管人们对以太坊现货 ETF 很感兴趣，但其市场反应是否能与比特币 ETF 的热情相媲美仍有待观察，比特币 ETF 首日就获得了 45 亿美元的收益。尽管如此，BUIDL的推出以及类似产品的潜在监管绿灯标志着传统金融领域对数字资产的认可度不断提高。