The BlackRock USD agency's Digital Liquidity Fund, known as Buidl, reached $1 billion in tokenized assets as of March 2025, per RWA.xyz data.
On March 13, the fund minted more than $206 million in new tokens as liquidity continues to flow into the fund.
Bitcoin and the broader crypto market have declined over the past month, but BlackRock's Buidl has skyrocketed. The milestone showed a 56% increase within 30 days, reflecting an increased institutional trust in tokenized real world assets (RWAS).
Launched in March 2024 through Securitize's digital issuance platform, BlackRock's Buidl fund primarily invests in US Treasury debt and bank deposits. Buidl, specifically targeting qualified US buyers, offers token holders an approximately 4.5% APY managed with fees ranging from 0.20% to 0.50%.
The fund currently has 61 holders, an increase of 19.6% over the past month, highlighting stable investor demand despite recent fluctuations in the broader digital asset market. Monthly active addresses fell slightly to 19, but the total monthly transfers surged beyond $269 million, suggesting substantial institutional involvement in token transfers.
Ethereum remains the fund's main blockchain, hosting approximately 825 million tokens in two major contracts. Also, smaller allocations exist in scholarship networks within multi-chain approaches for avalanches, aptos, polygons, optimism, and asset distribution. Ethereum's control is worth around $267 million tokens from the two biggest holders, highlighting the continuing preferences of institutional investors for Ethereum-based tokenization.
According to RWA.xyz, RWAS tokenization has skyrocketed across the industry, with global on-chain RWA reaching $18.34 billion, an increase of over 18% over 30 days. The rapid growth of BlackRock's asset within the Buidl Fund is comparable to the broader market trends of institutions integrating blockchain-based equipment to optimize liquidity and yields, and harness blockchain efficiency to streamline traditional financial management.
BlackRock's Buidl has exceeded a notable threshold, indicating that the broader institutional adoption of on-chain US Treasury and other tokenized financial products will deepen the perception of blockchain as a viable infrastructure for traditional asset classes.
BlackRock's achievements in the billion-dollar chain firmly position the Buidl fund among the most influential institutional blockchain initiatives.
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