PANews reported on May 5 that the asset management scale of BUIDL (US Institutional Digital Liquidity Fund), a tokenized fund under BlackRock, the world's largest asset management company, has rapidly grown to US$2.7 billion, demonstrating its dominant position in the tokenized U.S. Treasury market.
The BUIDL fund was launched in March 2024. It is a tokenized money market fund for institutional investors. By issuing blockchain tokens anchored 1:1 to the US dollar, it enables investors to invest in highly liquid assets such as cash, US Treasury bonds and repurchase agreements, and receive daily dividends in the form of tokens.
Currently, about 92% of the fund's assets are deployed on the Ethereum network. In addition, in order to expand its business and improve efficiency, BlackRock has expanded BUIDL to seven other blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism and Polygon.
