The tokenized fund supported by BlackRock BUIDL paid dividends of $4.17 million in March.

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Odaily News BlackRock-backed tokenized fund BUIDL paid out dividends of $4.17 million this March. The on-chain fund was issued by Securitize and has distributed approximately $25.4 million in dividends since its establishment a year ago. BUIDL provides 24/7 access and exposure to real-world assets (RWA) through blockchain, such as government debt, thereby alleviating the constraints of traditional markets, such as limited trading hours and slow settlements. BlackRock’s products utilize this tokenization technology to match instant liquidity for investors using decentralized networks and provide daily passive income through idle cash. (The Block)

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