Institutional DeFi needs a BUIDL moment

Tokenized securities have been hailed as the next big thing in crypto in 2018, but the market has seen relatively low adoption for years. The value proposition of tokenized securities was obvious, and most platforms had KYC-AML capabilities, but that was not enough to be taken seriously by institutions. During that time, companies like Securitize added institutional capabilities such as broker-dealers, transfer agents and onboarding institutions, all of which led to BlackRock gaining traction for the space. BUIDL built on the institutional building blocks established by Securitize, such as its transfer agent and broker-dealer capabilities.