BlackRocks BUIDL Fund Emerges as the Leading Tokenized Treasury Solution
BlackRock’s BUIDL Fund Pays Out Record $1.7 Million in Monthly Dividends on Ethereum
In a remarkable feat, BlackRock’s USD Institutional Digital Liquidity (BUIDL) Fund distributed nearly $1.7 million in monthly dividends to its holders on the Ethereum blockchain, marking a 38% increase from the previous month.
Ondo Finance’s crypto wallet, known as “OUSD Instant Manager,” secured the largest share of the dividend, receiving approximately 42% of the total distribution.
The total value of tokenized treasury product tokens in the crypto ecosystem now stands at $1.45 billion, with BlackRock’s BUIDL fund representing almost a third of this amount.
BlackRock’s BUIDL fund quickly rose to become the largest tokenized treasury fund in April 2024, surpassing Franklin Templeton’s BENJI offering just six weeks after its launch.
The rapid growth of BlackRock’s tokenized offering underscores the growing interest in tokenizing real-world assets, particularly U.S. Treasuries, as a secure and stable investment option.
As the world’s largest asset management firm, BlackRock has been making significant strides in the tokenized treasury market with its USD Institutional Digital Liquidity (BUIDL) Fund.
The fund, which made its debut on the Ethereum blockchain in March 2024, has experienced remarkable growth and recently distributed nearly $1.7 million in monthly dividends to its holders, marking a 38% increase from the previous month.
The seven-figure payout was distributed through a single transaction on the Ethereum network, with 11 wallet addresses receiving an average of 151,735 BUIDL tokens.
Ondo Finance’s crypto wallet, known as “OUSD Instant Manager,” emerged as the largest recipient, receiving approximately 42% of the total dividend distribution.
Ondo Finance, a platform for tokenized real-world assets (RWA), currently holds 49,999,999 BUIDL tokens, making it the fourth-largest holder of the fund.
The rapid expansion of BlackRock’s BUIDL fund serves as evidence of the growing interest in tokenizing real-world assets, particularly U.S. Treasuries. Tokenized treasuries provide investors with a secure, low-risk investment option while remaining within the blockchain ecosystem.
In just six weeks after its launch, the BUIDL fund surpassed Franklin Templeton’s BENJI offering to become the largest tokenized treasury fund in April 2024.
The total value of all tokenized treasury product tokens in the crypto ecosystem currently stands at $1.45 billion, representing a more than 12.5% increase since the beginning of May. BlackRock’s BUIDL fund accounts for almost a third of this value, with a market cap of $462.5 million.
BlackRock’s on-chain activity and participation in governance forums reflect the evolving institutional presence in the crypto ecosystem, signaling a shift from passive interest to active engagement.
The asset management giant’s spot Bitcoin ETF, IBIT, has also performed strongly, with notable net inflows and a total volume of $2.05 billion.
