We're hitting this afternoon 150 million in a U. M by the time this gets published

is probably going to be 3 to 400 million I don't know depending on how the inflows come but

wow my sense is that this is going to be pretty big fun because there's so much stuff out there that is likely to move here.

Welcome to Bankless, where we explore the frontier of Black Rock on

ethereal, tokenizing securities. Really interesting subject today so earlier

this month the largest asset manager in the world that is Black Rock released its first

tokenized fund on a theory we talked about this on bank list it's called the

black rock biddle fund so I think David and I knew this was big like like a big deal, but after the recording, the episode you're about to listen to, I think we're realizing it's an even bigger deal than we initially thought.

This is about tokenized treasuries on chain. This is about the largest

institutions in the world opening what we call a bank branch on

Ethereum and starting to tokenize their assets,

a very bullish episode for you today.

Before we get into the episode,

we're going to talk to our friends and sponsors

over at Cryptex Finance.

Cryptex is a Defi app on Arbitrum

that makes crypto- native market tradable.

They've been around for a while and Cryptex produces the asset T-CAP

Total-market cap is a synthetic asset that tracks the total market cap of crypto if you just want to think

less about the tokens that you are buying in this bull market. It uses a chain link to

produce that synthetic asset and the cryptex is launching other indices and they

want you to be a part of that. All

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