BlackRock's BUIDL Tokenized Fund Surpasses $2 Billion in Assets and Pays $100 Million in Dividends
BUIDL, a tokenized money market-style fund launched by BlackRock in March 2024, has paid out approximately $100 million in dividends since its inception.
The fund’s assets have exceeded $2 billion, positioning it as one of the largest tokenized cash products in the market.
BUIDL invests primarily in short-dated U.S. Treasuries, repurchase agreements, and cash equivalents, providing yield and liquidity.
Shares of the fund are represented by blockchain tokens held by qualified institutional investors, with yield accruing on the portfolio and being paid out on-chain.
Originally launched on the Ethereum network, BUIDL has expanded to multiple blockchain networks as demand increased.
BUIDL tokens serve key roles in crypto market infrastructure, being used as collateral and bridging traditional finance with on-chain finance.
Securitize functions as the transfer agent and administrator of the fund.
Importantly, BUIDL is not a stablecoin but a regulated investment vehicle with shares tokenized on public blockchains.
Besides providing yield, BUIDL backs stablecoins such as Ethena’s USDtb and acts as collateral in various on-chain trading and financing activities.
BUIDL marks a milestone as the first tokenized Treasury product to distribute $100 million in lifetime dividends.
