Jiritsu, a cutting-edge layer one blockchain platform featuring a native ZKMPC oracle, is launching its integration with the BlackRock ecosystem to boost transparency and verification of real-world assets (RWA).
By extending the proof of reserves concept to include the precise value backing any RWA, Jiritsu sets a new industry standard.
BlackRock, a global leader in asset management, has made significant advancements in the RWA sector. Highlighting the potential of RWAs in modern finance, BlackRock CEO Larry Fink recently told Reuters that he envisions next-generation securities being tokenized.
With this integration, Jiritsu enhances transparency and supports BlackRock’s tokenization efforts within the RWA ecosystem.
First Integration: BlackRock BUIDL Tokens
The initial integration includes a comprehensive solution for assets backed by BlackRock BUIDL tokens. This solution covers reserve verification, valuations, and seamless integration with tokenization, compliance, and KYC/ID platforms. Unlike many current yielding stablecoins that rely on self-reporting and offer only annual audits, Jiritsu provides verification on demand.
Second Integration: Bitcoin (BTC) in BlackRock’s ETF
In the second integration, Jiritsu brings the verified amount of Bitcoin (BTC) in BlackRock’s ETF on-chain. This significant integration allows DeFi solutions to leverage this data, providing synthetic assets, options, and insights into asset flows. By verifying market sentiment, Jiritsu delivers solutions with unprecedented transparency.
“We are excited to be integrating with the BlackRock RWA ecosystem,” said Jacob Guedalia, CEO of Jiritsu. “Our capabilities in verifying and tokenizing real-world assets empower the vision for the future of finance, and we are thrilled to set new benchmarks for transparency and trust in the tokenized financial ecosystem.”
Michael Lustig, former Managing Director at BlackRock and current Jiritsu Board Manager, added, “I am very excited to see BlackRock leading the way in tokenized assets with their tokenized fund and Bitcoin ETF. The Jiritsu Network increases transparency and verification for real-world assets. The value of an RWA is only as good as what backs it, and BlackRock is the best in class asset manager. Our solution to bring Bitcoin ETF flows on-chain, starting with BlackRock, enables decentralized finance (DeFi), and our BUIDL integration brings much-needed transparency to RWAs.”
Future Prospects
With this integration, Jiritsu not only enhances the verification and tokenization of RWAs but also opens new avenues for DeFi protocols. By providing accurate and real-time data on verified reserves backing assets like BUIDL and BTC in BlackRock’s ETF, Jiritsu enables secure and innovative financial solutions that are transparent, reliable, and secure.
Jiritsu’s on-chain verifications can be viewed here.
