De-fi
Coinbase Plans Tokenized Money-Market Fund on Ethereum Following BlackRock’s Success – Crypto News
Coinbase’s asset management arm is planning to create a tokenized money-market fund, according to four people familiar with the plan
Coinbase’s asset management arm is planning to create a tokenized money-market fund, according to four people familiar with the plan.
This move follows the success of BlackRock’s BUIDL fund, which has been a hot area in the crypto market. Securitize Markets, the distributor of BlackRock’s BUIDL fund, pitched the fund as having a yield of about 4.88% that accrues to the holder of record every calendar day.
The new tokenized money-market fund by Coinbase is expected to be built on Ethereum.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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