BlackRock BUIDL Pays $100M in Dividends, Showing Tokenized Finance at Scale

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), its first tokenized money market fund, has reached a milestone of $100 million in cumulative dividends since its March 2024 launch. Securitize, the issuer and tokenization partner, announced the achievement, which stems from income generated by underlying assets like US Treasury bills. Initially launched on Ethereum, BUIDL has expanded across six other blockchains, including Solana and Avalanche, offering institutional investors a blockchain-based vehicle for earning yield with dollar-pegged tokens. This $100 million payout demonstrates that tokenized securities can successfully mirror core functions of traditional finance at scale, highlighting operational efficiencies like faster settlement and transparent distributions. BUIDL has seen significant adoption, surpassing $2 billion in value earlier this year. Tokenized money market funds are rapidly growing in the onchain Real-World Asset (RWA) market, appealing to institutions seeking money market returns with greater efficiency, though they also face scrutiny regarding potential operational risks.

(Source：Cointelegraph)