https://readi.fi/news/blackrock-expands-tokenized-buidl-fund-across-new-blockchains/
BlackRock’s BUIDL, a tokenized U.S. Treasury money market fund on the Avalanche blockchain, has reached over $900 million in assets under management (AUM). This notable increase, from approximately $464 million just a week ago, highlights a significant surge in institutional interest in tokenized assets on Avalanche. The BUIDL fund, maintaining a stable value of $1.00 per token with daily accrued dividends, has become the largest tokenized treasury product on-chain and the biggest real-world asset (RWA) on Avalanche. This development underscores Avalanche’s rising prominence as a key player in the institutional tokenization sector, second only to Ethereum in terms of BUIDL’s AUM.
Key Takeaways
BlackRock’s BUIDL fund on Avalanche has seen its AUM increase from $464 million to over $900 million within a week.
The rapid growth in BUIDL’s AUM suggests accelerating institutional adoption of Avalanche for tokenized assets.
