BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surged to $1,935,226,721 in assets under management, a staggering 203.63% increase over the past 30 days, according to BlockBeats on-chain data. Launched in March 2024 on the Ethereum blockchain, the tokenized fund targets institutional investors, offering a 4.50% annual percentage yield (APY) with management fees between 0.20% and 0.50%.
BUIDL, the BlackRock USD Institutional Digital Liquidity Fund
The fund, which requires a minimum investment of $5 million, now has 62 holders, reflecting growing institutional appetite for blockchain-based financial products. BUIDL invests in low-risk assets like U.S. Treasury bills and repurchase agreements, aiming to maintain a stable $1 per token value while paying daily dividends. Its rapid growth underscores the rising adoption of tokenized real-world assets (RWAs), with the fund expanding across multiple blockchains, including Ethereum, Avalanche, and Polygon, to enhance accessibility and efficiency.
