Securitize Launches USDC To USD Conversion Service For BlackRock Fund

According to Odaily, tokenization platform Securitize has announced the launch of a conversion service between Circle's stablecoin (USDC) and the US dollar, specifically for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). This integration aims to reduce investment costs and simplify the subscription process for traditional financial investors in the BUIDL fund. The company has partnered with BlackRock to issue BUIDL tokens on the Ethereum blockchain. Blockchain infrastructure company Zero Hash will provide support for conversions between USD and digital assets. This service is targeted at qualified investors and aims to accelerate investments in the BUIDL fund.