BlackRock’s Tokenize Fund Exceeded $250 Million with the Support of an Altcoin!

BlackRock, one of the world’s largest asset managers, is pouring money into the tokenized asset fund. BlackRock introduced the tokenize d asset fund named BUILD last week. According to Bloomberg, the fund raised $160 million in its first week. BUILD was introduced as a tokenized money market fund that invests in US Treasury bonds, repurchase agreements, and cash. BlackRock was said to have included the fund with Securitize. Following BlackRock’s move, Ondo Finance (ONDO) and TokenFi (TOKEN) saw significant increases in real-world asset (RWA)-based projects. Shortly after the fund’s introduction, Ondo Finance announced that $95 million worth of tokens were transferred to the BUILD fund. This move and the transfer of funds by investors resulted in rapid growth of BlackRock’s fund.