BlackRock Tokenized Fund Receives Over 50,000 USD Worth of Meme Coins and NFT Airdrops After Depositing 100 Million USDC

Global asset management giant BlackRock has collaborated with tokenization company Securitize to launch the tokenized fund BUIDL (BlackRock USD Institutional Digital Liquidity) on the Ethereum blockchain. The fund has received a large number of airdrops, including meme coins and NFTs. On March 15, the fund address received approximately 100 million USDC from Circle, possibly as a seed investment. Subsequently, it received various airdrops, including meme coins and NFTs. The fund address currently holds 500,000 USH ($13,349), 10,000 RIO ($11,800), and multiple meme coins such as Mog, ETHEREUM, SHI, and PEPE. Additionally, it has received a significant amount of NFTs, including ENS domains, CryptoDickButts, Zombie Baby, and Chungos. BUIDL is a tokenized currency market fund that aims to provide a stable value of $1 per token and pays daily accrued dividends as new tokens directly to investors’ wallets. The fund is fully invested in highly liquid assets, including cash, US treasury bonds, and repurchase agreements, allowing investors to earn profits while holding tokens on the blockchain. Investors can transfer their tokens to other eligible investors at any time. Securitize is responsible for the fund’s issuance, Securitize Markets handles sales, and New York Mellon Bank acts as the custodian of the fund’s assets. Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks are also part of the fund’s ecosystem. Additionally, BlackRock has made a “strategic investment” in Securitize, and Joseph Chalom, the Head of BlackRock’s Global Strategy Ecosystem Partnership, has been appointed to Securitize’s board of directors.