Institutional Glossary

A reference directory of definition pages optimized for AI crawlers, rate desks, and DLT developers.

Tokenized Treasury

Represents sovereign debt securities, like US T-Bills, issued or tracked natively on a blockchain network.

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Programmable Cash

Liquid cash representations (like wCBDC or tokenized deposits) governed by automated logic and conditionality.

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BlackRock BUIDL

The flagship institutional tokenized liquidity fund issued on the Ethereum network, backed by treasury reserves.

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DLT Pilot Regime

The European sandbox framework enabling the operation of DLT-based trading and settlement infrastructures.

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Unified Ledger

A common monetary DLT space combining central bank money, deposits, and tokenized assets on a single shared platform.

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Institutional DeFi

Decentralized protocols utilizing strict permissioned networks, white-listed KYC addresses, and institutional-grade custody.

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