Holders of BlackRock’s first tokenized fund will now be able to transfer their shares to receive USDC.

Transfers will be possible on the secondary market via new smart contract functionality, stablecoin issuer Circle said Wednesday. This will allow sellers of the shares to remain holders of digital dollars.  

Circle’s new proposition comes after BlackRock launched its BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL, last month. 

The offering from the world’s largest asset manager — with roughly $10 trillion under its control — was designed to allow qualified investors to earn US dollar yields by subscribing to the fund via Securitize Markets, a…

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