CoinDesk on Copper, Tokenized MMFs
CoinDesk published, "Copper to Offer Custody Services for Tokenized Money Market Funds Such as BlackRock's BUIDL," which states, "Cryptocurrency firm Copper said it is now able to offer clients secure custody and trading of tokenized money market funds such as Blackrock's BUIDL, the company said in a press release Wednesday. Copper clients can also use tokenized money market funds as collateral in derivatives trades, after the crypto custodian received regulatory approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, the London-based company said. The company has signed new partnerships with key participants involved in tokenization, including Securitize, Franklin Templeton, Ondo and Hashnote. Securitize is the transfer agent and tokenization platform for Blackrock's USD Institutional Digital Liquidity Fund, issued on the Ethereum blockchain and represented by the blockchain-based BUIDL token." See also CNBC's brief, "BlackRock expands its tokenized money market fund to Polygon and other blockchains," which comments, "BlackRock has expanded its tokenized money market fund to include several more blockchains. The investment manager said Wednesday that its USD Institutional Digital Liquidity Fund (BUIDL) is now available to investors on the Aptos; Arbitrum; Avalanche; OP Mainnet, formerly known as Optimism; and Polygon blockchains. It initially launched the fund on Ethereum in March."
