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$TOPG $RNT $BROKEYS #BROKEYS
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Join $BROKIE CTO
Follow @solbrokie
t.me/brokie_community
CA : 6FkHFDxMymqDDEa676UeYuMNxWCGHm7jAzHc2sEkGqUk
Telegram : t.me/brokie_community
$TOPG $RNT
you start from being a $BROKIE
6FkHFDxMymqDDEa676UeYuMNxWCGHm7jAzHc2sEkGqUk
Back from here
t.me/brokie_community
Degen cto
Replying to @Cobratate
People are about to find out what happens when you sell millions without liquidity,
BROKIES, take your notebooks out
Burn some and lock some is d way $sboy
BLACKROCK LAUNCHING TOKENIZED ASSET FUND ON ETHEREUM, SEEDS IT WITH $100M
Blackrock, the world's largest asset manager, has taken significant steps towards integrating digital assets into its portfolio by submitting a request to the U.S. Securities and Exchange Commission (SEC) to launch a tokenized investment fund named the "Blackrock USD Institutional Digital Liquidity Fund" (BUIDL) on the Ethereum blockchain. This move underscores Blackrock's increasing embrace of digital assets, following its introduction of a spot bitcoin exchange-traded fund (ETF) and application to launch an Ishares Ethereum Trust, which it hopes to list on the Nasdaq, pending regulatory approval.
The BUIDL token was created on March 4, 2024, with a single address holding 100 BUIDL tokens. According to the fund's prospectus, it requires a minimum investment of $100,000, operating similarly to a short-term money market fund focused on investments in short-duration securities like commercial paper, certificates of deposit, and floating rate notes, with a substantial portion of its assets in cash reserves.
However, obtaining SEC approval for such digital asset initiatives poses a challenge, given the regulatory body's recent history of scrutinizing and delaying decisions on crypto-related products, including Blackrock's own application for a spot ethereum ETF. This reflects the broader context of regulatory actions against numerous cryptocurrency enterprises, highlighting the complexities of integrating traditional finance with the evolving digital asset landscape.
Im a complete Yeetard and cant wait to Yeet away my savings with @eatsleepyeet
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