BlackRock’s BUIDL hits $100M in dividends and passes $2B in assets
BlackRock's tokenized money market fund, BUIDL, has distributed $100 million in dividends and surpassed $2 billion in assets since its March 2024 launch.Summary
BlackRock's tokenized money market fund, BUIDL, has achieved significant milestones, distributing approximately $100 million in dividends and growing its assets past $2 billion since its launch in March 2024. BUIDL, administered by Securitize, invests in short-dated U.S. Treasuries, repurchase agreements, and cash equivalents, operating as a regulated money market-style vehicle whose shares are represented by tokens settling on public blockchains like Ethereum and others.
This performance demonstrates that blockchain-based finance can deliver at an institutional scale, positioning tokenized money market funds as a regulated alternative to stablecoins for institutions seeking yield-bearing dollar exposure. Beyond passive yield, BUIDL tokens are being integrated into crypto market infrastructure, serving as collateral and backing for stablecoins like Ethena’s USDtb, bridging traditional finance markets with onchain yield strategies.
The growth of this category comes amid regulatory attention regarding settlement finality, liquidity assumptions, and stress event behavior for tokenized securities.
(Source：CoinDesk)