BlackRock's BUIDL fund has assets of $2.93 billion and continues to expand its multi chain ecosystem

The BUIDL on chain asset management scale under BlackRock has reached $2.93 billion. The fund has been deployed on public chains such as Ethereum, Avalanche, Solana, etc. It is tokenized and issued by Securitize, with BNY Mellon providing custody. Ethereum's lock up scale exceeds $1 billion, Avalanche's asset scale is about $900 million, and Solana's scale exceeds $550 million. BUIDL invests in US treasury bond bonds, repurchase agreements and cash equivalents, maintains a net value of US $1 per share, and provides an annualized yield of about 3% -5%.