BlackRock is seriously moving Wall Street on-chain
The BUILD fund has tokenized over $2.3 billion in US Treasuries and now has submitted a new stablecoin reserve fund proposal, directly using short-term US Treasuries and overnight repos as collateral.
The entire RWA tokenization market has surpassed $37.5 billion, doubling year-on-year. BCG predicts it will reach $18.9 trillion by 2033.
You think this is just another crypto story, but this is a giant asset manager with $14 trillion in assets voting with their actions. When T+2 turns into T+0, the clearing layer of traditional finance is the next castle to be disrupted.