Frax is considering BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL)
Frax
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the vote opened on December 26 and will remain active until January 1, 2025. So far, all votes and comments in the discussion have been strongly supported the proposal.
The proposal was initially presented by SecuritizeBlackRock’s BUIDL brokerage. In a discussion on December 22, a user named achaffee emphasized How tokenized real-world assets (RWA) could connect traditional finance with decentralized finance (DeFi).
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Achaffee noted that these efforts represent a change in the way decentralized actors manage their financial resources and explore new strategies across industries. They fixed:
In the last 9 months alone, we have seen major players, including DAOs and decentralized protocols, submit large public RFPs to explore how they can more effectively bolster their treasuries or back their stablecoins with RWA.
Furthermore, supporters highlight several potential benefits of using BUIDL. These include creating opportunities to earn returns, improving liquidity, improving transfer options and reducing counterparty risks thanks to established support from BlackRock.
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Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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