BlackRock’s BUIDL token on the Ethereum blockchain, created with asset tokenization platform Securitize, represents investment in a fund that holds U.S. Treasury bills and repo agreements. Its price is pegged to $1, and holders receive a yield from the underlying assets paid in the token. The offering is targeted to large institutional investors.
China’s Leading Blockchain Advocate Faces Investigation
Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The...