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

Productizing RWAfi @plumenetwork. Letting you earn from all RWAs on Plume using https://nest.credit. Hosting /rwa, /plume, /nest and https://palmer.earth

devil's advocate - the meme itself is already deployed. which implies that any memetic DeFi that follows can leverage it.

agreed that actually following through on the trust assumption is not as promising as people might think. Blackrock isn't just going to 11 with a bucket shop.

𝖒𝖆𝖓𝖉𝖆𝖙𝖚𝖒 𝖆𝖉 𝖆𝖘𝖙𝖗𝖆

yeah and this is a proof of concept for them - I like it overall