BlackRock Inc (BLK) Expands Tokenized Money-Market Fund

BlackRock Inc (NYSE:BLK) is one of the most undervalued blockchain stocks to buy now. BlackRock Inc (NYSE:BLK) continues to add partners for its tokenized money-market fund known as BUIDL, a sign of increasing investor interest in the fund. On April 28, Standard Chartered and the crypto trading platform OKX announced a new collateral framework for BUIDL.

BlackRock Inc (BLK) Expands Tokenized Money-Market Fund

This arrangement allows clients to post their BUIDL as collateral for trading margin on the OKX platform without losing yields. BlackRock, Standard Chartered, and OKX came up with this framework to address a gap in how yield-bearing capital can be used for trading.

Usually, funds posted as margin on crypto trading platforms earn little or no return. What BlackRock, Standard Chartered, and OKX have done is make it possible for investors to earn yields on their token funds while using the funds as collateral at the same time.

With this model, investors don’t need to move assets between a custodian and a trading platform. Instead, the assets stay with the custodian while being used as trading margin. Standard Chartered will serve as the custodian for OKX traders using their BUIDL as collateral.

Headquartered in New York, BlackRock Inc (NYSE:BLK) is a multinational investment company with around $14 trillion in assets under management. It’s the world’s largest asset manager. BlackRock says it helps make investing easier and more affordable, so more people can experience financial well-being.

While we acknowledge the risk and potential of BLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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