Posted 3/20/2024, 8:56:11 PM
Bitcoin Jumps as Fed Hints Rate Cuts; BlackRock Files for Tokenized Fund in Embrace of New Tech
- Bitcoin price pumped 5% after Federal Reserve left interest rates unchanged and signaled potential rate cuts this year
- World's largest asset manager BlackRock filed to launch a tokenized private equity fund with Securitize
- BlackRock sees tokenization as the next stage of the "technological revolution in financial markets"
- Tokenization allows traditional assets like stocks and bonds to be represented on blockchains
- Infrastructure for asset tokenization now reaching point where it can deliver major advantages over legacy systems
