The world’s largest asset management company BlackRock has officially announced the launch of a tokenized asset fund on the Ethereum (ETH) network in collaboration with digital assets expert Securitize Markets. Named BlackRock USD Corporate Digital Liquidity Fund, the fund will be represented by the Blockchain-based BUIDL token and will be fully collateralized with cash, US Treasury bills, and repurchase agreements. According to the press release, the earnings from the fund will be distributed to token holders on a daily basis through Blockchain channels.