BlackRock-backed tokenized fund BUIDL paid dividends of $4.17 million in March

CoinRank News: BlackRock-backed tokenized fund BUIDL paid dividends of $4.17 million in March this year. 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 (RWAs), such as government debt, through blockchain, thereby alleviating the limitations of traditional markets such as limited trading hours and slow settlement. BlackRocks products leverage this tokenization technology, using a decentralized network to match investors with instant liquidity and provide daily passive income through idle cash. (The Block)