Private Market News - 10/18/24
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This Week's Highlights:
USDC conversion enabled for BUIDL investing; Wall Street is warming to asset tokenization; the 2024 state of crypto report is out; is private equity out of control; and Komainu and Hidden Road support BUIDL as collateral.
Securitize, Zero Hash Enable USDC Conversion for BUIDL | The Block
Qualified investors can now subscribe into the BlackRock USD Institutional Digital Liquidity fund by converting USDC to US dollars. The move comes as BUIDL, the largest tokenized fund, surpassed $550M in AUM.
Why Wall Street is Warming to the Tokenization of Assets | 彭博资讯
Financial institutions are quickly realizing the benefits of blockchain technology to tokenize traditional real-world assets like treasury bills, which makes trading them faster and cheaper.
State of Crypto Report 2024 | a16zcrypto
The newly released report covers crypto’s rise as a hot policy topic, the many recent tech improvements to blockchain networks and digs into the emergence of key applications such as stablecoins.
Komainu and Hidden Road to Support BUIDL as Collateral | Komainu
Komainu clients, who are whitelisted eligible BUIDL investors, will be able to trade via prime broker Hidden Road, using BUIDL as collateral, which will remain in custody with Komainu.
Slash and Burn: Is Private Equity Out of Control? | The Guardian
From sports teams to water companies, music catalogs to care home, private equity is infiltrating almost every facet of modern life.