Securitize taps Zero Hash to enable purchase of BlackRock’s BUIDL via USDC

Securitize, the platform for tokenizing real-world assets, has integrated Zero Hash to allow qualified investors to easily subscribe to BlackRock’s tokenized fund via the USDC stablecoin.

In an announcement Securitize said its partnership with the stablecoin infrastructure platform Zero Hash will allow institutional investors to buy the BlackRock USD Institutional Digital Liquidity Fund using USDC (USDC). However, users’ coins will be converted to U.S. dollars via Zero Hash.

Carlos Domingo, co-founder and chief executive officer of Securitize, stated in the press release that the company’s introduction of the new feature follows growing demand from clients.

The use of Zero Hash to convert USDC to USD allows for efficient transactions and ensures the process remains “natively on-chain,” Domingo noted.

BlackRock’s tokenized fund dominates

BUIDL is BlackRock’s first tokenized fund, which launched in March 2024 on the Ethereum (ETH) blockchain. At the time of writing, the fund is expanding in the real-world assets market with a total value of over $550 million in assets under management.

With the fund, investors have access to U.S. Treasury bills, cash, and repurchase agreements in an on-chain asset that provides a $1 per token value. Investors receive daily accrued dividends, which are sent to their wallets monthly.

According to rwa.xyz, the total value of real-world assets on-chain currently stands at over $12.8 billion. Of this, more than $2.2 billion is in tokenized treasuries, with $1.6 billion on Ethereum.

BlackRock’s BUIDL leads with a market cap of over $550 million, while the Ondo U.S. Dollar Yield and the Franklin Onchain U.S. Government Money Fund are the next two largest, with over $441 million and $437 million respectively.