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Michele Mattei Michele Mattei是领英影响力人物

Fintech expert | Manager | Investor | Advisor

Frax Finance launches frxUSD, a stablecoin backed by BlackRock #Frax Finance has launched #frxUSD, a groundbreaking stablecoin backed by #BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and tokenized by Securitize. This innovation underscores Frax's mission to establish itself as a leader in decentralized stablecoins and #DeFi infrastructure, aiming to redefine the US digital dollar. Founded by Sam Kazemian, Frax Finance has rebranded its FRAX stablecoin into frxUSD, enhancing its capabilities with direct fiat redemption and robust compliance with U.S. financial systems. BlackRock’s BUIDL Fund, which invests in cash, U.S. Treasury bills, and repurchase agreements, serves as the enshrined custodian asset, ensuring unprecedented transparency and on-chain audibility. #Securitize, led by co-founder and CEO Carlos Domingo, facilitates the compliant digitization of financial assets, bridging traditional finance with decentralized finance. As a registered broker-dealer and alternative trading platform, Securitize plays a key role in integrating institutional-grade investments into blockchain ecosystems. The article on Finextra in the first comment.

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Michele Mattei

Fintech expert | Manager | Investor | Advisor

1 个月
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