BlackRock has launched a new $100M tokenized fund on the Ethereum blockchain, named the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), marking a significant move into digital assets for the investment giant. The fund, which has already attracted attention for its innovative approach to tokenization and its use of public blockchains, aims to serve crypto treasuries and pays dividends, with shares pegged to $1. The launch has been met with a mixed reception from the crypto community, with the fund's associated Ethereum wallet receiving a variety of unsolicited digital assets, including meme coins and NFTs such as CryptoDickButts and others, from anonymous senders, and a $40K bet on memecoins and NFTs. Additionally, the wallet was dusted with 0.97 ETH that had previously passed through Tornado Cash, a cryptocurrency mixer sanctioned by the U.S. government, raising concerns about the fund's exposure to potentially illicit funds amounting to approximately $145.7m.