BlackRock BUIDL has a minimum initial investment of $5 million

BlackRock stated in a statement that BUIDL will bring significant benefits to investors through issuing and trading ownership on the blockchain, expanding investor access to on-chain products, providing instant and transparent settlement, and allowing cross-platform transfers. The minimum initial investment for the fund is $5 million, and the "Exempt Securities Offering Notice" does not specify the size of the fund, but states that the minimum investment amount accepted from any external investor is $100,000. Investor application amounts range from $1 to $100 million. In addition, BlackRock will also introduce Securitize markets, LLC, a transfer agent registered with the US Securities and Exchange Commission. Carlos Domingo, Co-founder and CEO of Securitize, stated in the announcement that security tokenization can fundamentally change the capital market, and today's news shows that traditional financial products are becoming easier to obtain through digitization. Earlier, it was reported that Coinbase became a key infrastructure provider for BlackRock's token investment fund.