Content
@
0 reply
0 recast
0 reaction
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
7 replies
3 recasts
20 reactions
Nick Ducoff
@stoic
spicy
1 reply
0 recast
1 reaction
π _π£π _π
@m-j-r
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.
1 reply
0 recast
3 reactions
Andy Jagoe
@andyjagoe
good endorsement of the fact that the interest ledger should be transparent and on a public blockchain not in AWS or a private database this collapses the cost of trust between LPs and fund leads anyone should be able to calculate a fund's IRR / performance and have a cryptographic guarantee it's real and correct
1 reply
0 recast
4 reactions
Alec Beckman π©
@alecbeckman
A positive that could come from it is because there are on chain distributions to investors accounts on securitize and since theyβre 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
1 reply
0 recast
0 reaction
Val | Villcaso
@starexplorer
So true - not really DeFi at allβ¦
0 reply
0 recast
1 reaction
tokenDaddy
@tokendaddy
My biggest question is whatβs going on with the cash? There is 100mm USDC sitting in a wallet with 180mm BUIDL shares minted. Where is the rest of the cash? Fiat? Why is the USDC sitting there? Shouldnβt it be deployed? Thoughts good ser?
0 reply
0 recast
0 reaction
Snibb123.eth
@snibb123
So does that mean the only component thatβs onchain is the USDC? Additionally, how do yoi think the dusting attacks will impact the legal status of the fund?
0 reply
0 recast
0 reaction
