Carlos Domingo, founder and CEO of Securitize, gives the scoop on why Blackrock’s new fund had to launch early and has a suggestion for how to handle dustings of Tornado Cash ETH.
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On Wednesday, BlackRock, the world's leading asset management firm, announced the launch of a tokenized investment fund, the BlackRock USD Institutional Digital Liquidity (BUIDL) Fund, developed in collaboration with Securitize.

Carlos Domingo, founder and CEO of Securitize, discusses the launch of the fund, which is native to the public Ethereum blockchain and aims to bring an institutional-grade cash management product to crypto institutions, offering faster token issuance, redemption, and transferability.

Learn more: What Is Real-World Asset (RWA) Tokenization? A Beginner's Guide
He also talks about how Blackrock has embraced crypto, how the launch of the fund was “front run” by crypto Twitter, and how Blackrock will deal with issues such as the fund being dusted with ETH tainted by sanctioned Tornado Cash.

Show highlights:
🔹 What the BUIDL fund is, its essence and objectives
🔹 How the fund rewards its users, with a system similar to crypto airdrops
🔹 Whether they were worried about regulatory aspects of bringing this product onchain
🔹 Securitize's role in the partnership with BlackRock
🔹 How much money flowed into the fund on the first day and who the target investor is
🔹 Why BlackRock decided to build this product on Ethereum
🔹 What BlackRock's attitude towards crypto is, according to Carlos
🔹 How the launch of the fund was frontrun by crypto insiders
🔹 How a wallet associated with the fund received unintended funds from North Korean tied wallets and whether Ethereum should implement a mechanism for addresses to approve funds that are sent to it
🔹 Whether the contract is secure and what steps Securitize is taking to increase the safety of the users
🔹 The roadmap for the partnership between BlackRock and Securitize

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Guest
⭐️Carlos Domingo, Founder and CEO of Securitize

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Time Stamps:
00:00 Introduction
04:17 Introduction to the BUIDL fund
05:01 Fund rewards and crypto airdrops analogy
07:10 Regulatory considerations for the onchain product
08:23 Securitize's partnership role with BlackRock
10:40 First-day fund inflows and target investor profile
15:36 Why BlackRock chose Ethereum for the product
19:07 Carlos on BlackRock's crypto stance
20:37 Crypto Twitter “front-running” of fund announcement
21:57 Handling of unintended funds, like Tornado Cash-dusted ETH
25:52 Contract security and user safety measures by Securitize
27:26 Roadmap for BlackRock and Securitize partnership
29:10 Weekly recap


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#bitcoin #ethereum #crypto #cryptocurrencies
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