BlackRock's BUIDL hits $100M in payouts, showing tokenized finance at scale

BlackRock’s tokenized money market fund has distributed $100 million from Treasury yields, offering a real-world test of blockchain-based financial infrastructure.

BlackRock’s first tokenized money market fund has paid out $100 million in cumulative dividends since its launch, highlighting the growing real-world use of tokenized securities amid rising institutional adoption.

The milestone for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) was announced Monday by Securitize, which serves as the fund’s issuer and tokenization partner, overseeing onchain issuance and investor onboarding.

Launched in March 2024, BUIDL was initially issued on the Ethereum blockchain. The fund invests in short-term, US dollar–denominated assets, including US Treasury bills, repurchase agreements and cash equivalents, offering institutional investors a blockchain-based vehicle to earn yield while maintaining liquidity.

Read more

Read Entire Article


Add a comment