- Launch of the Tokenized Index
- DApp Access to the BUIDL Fund
- Global Access and Integrations
Injective has launched the first tokenized index for BlackRock's BUIDL fund, potentially marking a significant advancement in asset tokenization.
Launch of the Tokenized Index
The new product will facilitate access to BlackRock's first publicly available blockchain tokenized fund, BlackRock USD Institutional Digital Liquidity Fund, through on-chain financial instruments.
DApp Access to the BUIDL Fund
The BUIDL Index is a perpetual market tracker of BlackRock BUIDL fund supply, accessible via several Injective dApps, including Helix. The tokens remain stable at $1 each, accruing daily dividends paid out monthly. Fund assets include cash, U.S. treasury bills, and repurchase agreements, which have grown to over $500 million, making it the world's largest tokenized fund.
Global Access and Integrations
Integrations with other DeFi protocols, such as Ondo Finance and Mountain Protocol, have complemented the success of the BlackRock BUIDL fund since its launch in March. Both use BUIDL as a backing asset for yield products. Digital asset brokers FalconX and Hidden Road have utilized BUIDL as collateral for their institutional clients.
Injective's release of the BUIDL Index underscores its growing position in the asset tokenization market. The team has also implemented several technical updates, including the first RWA module and oracle, facilitating the creation and management of new tokenized products.
