Key Takeaway:
- Injective introduced a new tokenized index for BlackRock’s BUIDL Fund.
- The index allows users to track the fund’s supply and access the BUIDL Fund more easily.
- The BUIDL Fund allocates investments into U.S. Treasury bills, cash, and repurchase agreements.
- Despite market turmoil, the fund has gained over $500 million in assets under management.
- With the launch of the BUIDL Index, users can now access the fund with as little as $1.
Making tokenized assets more accessible
Injective has introduced a new tokenized index for BlackRock’s BUIDL Fund, providing users with a way to track the fund’s supply easily. The BUIDL Index will be exclusively available on the Injective blockchain, offering traders the opportunity to access tokenized assets with leverage and monitor the fund’s supply alongside its price. Users can take advantage of long or short positions based on market trends, with price changes tied to the fund’s mark price and adjusted hourly for reduced volatility. This innovative market approach allows users to make informed decisions based on supply changes in real-time.
Stork Collaboration and Altaris Mainnet Upgrade
Stork, a decentralized price feed provider, played a significant role in collaborating with Injective for the introduction of the BUIDL Index. As part of Injective’s recent Altaris Mainnet upgrade, Stork’s expertise and support have contributed to enhancing the functionality and accessibility of tokenized assets within the Injective ecosystem. This partnership highlights the commitment to innovation and user-friendly experiences in the realm of decentralized finance.
