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RWABeat

BlackRock USD Institutional Digital Liquidity Fund

Tokenized BVI fund that seeks a stable $1.00 NAV and invests 100% of its assets in cash, US Treasury bills, notes and repurchase agreements. Yield is paid monthly as new tokens.

U.S. TreasuriesQualified purchasers onlyTransfer-restrictedOnchain dataIssued by BlackRock Financial Management, Inc. · Platform Securitize
JSON
Value
$2.18B
3%30d
Stage
Stage 0
Disclosed
Single-key powers
129
Single key holds critical power
Oracle age
17h 12m
On schedule
Used as DeFi collateral
$0· 0 markets

Counterparties

Which offchain companies could fail, even if the asset is fine?

Yellow

The Bank of New York Mellon is both custodian and administrator, so one firm's failure hits both.

  1. The Bank of New York Mellon is both custodian and administrator, so one firm's failure hits both.

  2. Independent, regulated custodian: The Bank of New York Mellon (Federal Reserve and NYDFS).

  3. Independent, regulated fund administrator: The Bank of New York Mellon (Federal Reserve and NYDFS).

  4. Audited by PwC, a Big Four firm.

  5. Settles by USD wire, USDC.

  • Transfer agent: Securitize.
  • Transfer agent and tokenization platform: Securitize.

Service providers

Who holds, values, audits and registers the assets, and whether they answer to a regulator.

RoleFirmIndependent of issuerRegulated
CustodianThe Bank of New York MellonYesYes, Federal Reserve and NYDFS
Fund administratorThe Bank of New York MellonYesYes, Federal Reserve and NYDFS
AuditorPwCYesBig Four
Transfer agentSecuritizeYesNot recorded

Settlement rails

How subscription and redemption money moves. One rail is a single point of failure.

USD wireUSDC

Other parties holders depend on

  • Transfer agent and tokenization platform: Securitize