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Alex Palmer
@thatalexpalmer.eth
Before everyone gets too excited about the first onchain fund from Blackrock, here's a quick breakdown. It's PR, it's not actually an onchain instrument in the way that crypto natives think of one. - only 20 accredited investors ($5M min purchase) - sold to friends of Blackrock - mostly fully offchain in a DB
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Alec Beckman 🎩
@alecbeckman
A positive that could come from it is because there are on chain distributions to investors accounts on securitize and since they’re QPs they can invest in other projects on the platform / put money into the crypto space. Not saying it will happen but could be good for onboarding. Also legitimizes the RWA space
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Alex Palmer
@thatalexpalmer.eth
+1 to legitimacy
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