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The last couple of years, I think we've seen two things happening on one side.

The crypto people have kind of

waking up at the concept of real-wall assets, which is a bit of a terrible name, but it somehow

signifies that these are real stuff that you put on chain as opposed to more imaginary things that

we were doing before.

BlackRock and Securitize recently announced a fund called the BlackRock USD institutional digital liquidity fund, or Biddle.

This is BlackRock's first tokenized investment fund, and it saw $160 million in inflows in the first week.

Biddle is a tokenized money market fund that invests in U.S. Treasury bills, repurchase agreements,

and cash, and it uses the Ethereum blockchain for issuing tokens, which are designed to offer

a stable value of $1 per token and pay dividends to qualified investors.

While this is a totally different product than the spot Bitcoin ETF, this news is yet another

example of how TradFi might interact with blockchain projects moving forward.

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