BlackRock LUIXX Stablecoin Reserve Alignment and DIGXX Onchain Share Launch
BlackRock modifies LUIXX to meet stablecoin reserve standards and launches an onchain share class for DIGXX. Explore the impact on RWA and institutional finance.
The wall between Wall Street and crypto just got thinner. BlackRock is accelerating its push into the digital asset ecosystem by restructuring its institutional fund offerings.
The firm recently announced that the LUIXX fund has been modified to hold short-term US Treasuries. This strategic shift is specifically designed to meet stablecoin reserve standards, positioning the fund as a primary collateral vehicle for digital asset issuers seeking institutional-grade security.
BlackRock LUIXX DIGXX Onchain Investment Strategy
In a parallel move, BlackRock's DIGXX fund now offers an onchain share class. By integrating fund shares directly onto blockchain networks, institutional investors can now benefit from streamlined settlements and enhanced transparency, bypassing traditional bureaucratic hurdles.
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