BlackRock, the world's leading asset manager in terms of assets under management, has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to kickstart a tokenised investment fund.

This initiative marks a significant move into the digital asset space for the financial giant.

Furthermore, insights have emerged regarding the creation of a new token called the "BlackRock USD Institutional Digital Liquidity Fund," also known as BUIDL.

This particular token will utilise the Ethereum (CRYPTO:ETH) blockchain, highlighting BlackRock's commitment to integrating blockchain technology into traditional financial structures.