BlackRock BUIDL Fund has a scale of $2.7 billion, with 92% of assets deployed on the Ethereum network

The asset management scale of BUIDL (US dollar 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 US treasury bond market. Launched in March 2024, BUIDL Fund is a token money market fund for institutional investors. By issuing blockchain tokens anchored 1:1 with the US dollar, investors can invest in high liquidity assets such as cash, US treasury bond bonds and repurchase agreements, and obtain daily dividends in the form of tokens. Currently, approximately 92% of the fund's assets are deployed on the Ethereum network. In addition, to expand its business and improve efficiency, BlackRock has deployed BUIDL to seven other blockchain networks including Solana, Aptos, Arbitrarum, Avalanche, Optimism, and Polygon.