BlackRock’s tokenized money market fund BUIDL has reached significant milestones in the evolving intersection between traditional finance and blockchain technology. Since its launch in March 2024, the fund has distributed approximately US$100 million in dividends and grown its total assets under management (AUM) to over US$2 billion, according to market sources reporting on developments in institutional digital asset products.
BUIDL is structured as a regulated, tokenized money market–style vehicle that holds short‑dated U.S. Treasury securities, repurchase agreements and cash equivalents, with its fund shares represented by blockchain‑settled tokens. The growth in assets and dividends highlights rising institutional demand for regulated on‑chain cash yield products that combine traditional low‑risk instruments with the transparency and settlement efficiency of blockchain networks.
Market participants say BUIDL has become one of the largest tokenized cash products available, attracting capital from qualified institutional investors seeking reliable dollar‑based yield with blockchain settlement features. Unlike stablecoins, BUIDL is fully regulated and backed by traditional securities, making it a bridge between legacy markets and decentralized finance (DeFi). Its tokens are also being utilized as collateral and backing for other digital financial products, reflecting broader adoption within crypto market infrastructure.
The achievement underscores BlackRock’s expanding role in tokenization and digital assets, complementing its existing suite of exchange‑traded products and traditional asset‑management offerings. As institutional interest in on‑chain yield and collateral frameworks continues to grow, BUIDL’s milestones may influence how regulated digital asset products are integrated into mainstream financial portfolios.
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