BlackRock’s BUIDL fund surpasses $500 million

BlackRock’s BUIDL fund, which quickly entered the crypto and tokenization world last year, has exceeded $500 million in assets under management. This fund, which was launched in March, has thus crossed an important threshold in a short period of 4 months.

BlackRock’s BUIDL fund surpasses $500 million

With nearly $10 trillion in assets under management, BlackRock’s BUIDL tokenization fund, the world’s number one in this regard, is also receiving significant investments. BlackRock, which has by far the most invested fund in Bitcoin spot ETFs, has also received investments in tokenization at a level equivalent to 30% of the entire market.

According to Dune Analytics, the tokenization market is currently worth just over $1.5 billion, of which BlackRock has already acquired $500 million…

Ondo Finance receives, threshold crossed

The fund includes cash, US Treasury bonds and repurchase agreements. Especially after the BUIDL purchases made by the tokenization company Ondo Finance, it is noteworthy that the fund exceeded the $ 500 million limit. Ondo Finance is also using the BUIDL fund as support for its own token, OUSG.

Ondo Finance is also the company holding the most BUIDL funds with $173 million. In second place is Mountain Protocol, the issuer of the USDM stablecoin. Mountain also prefers BUIDL as the backing asset for its stablecoin.

BUIDL, which has a fixed price at a 1-to-1 ratio with the US dollar, also distributes dividends to its investors on a monthly basis.

Larry Fink, the famous CEO of BlackRock, has said in many recent programs that tokenization will be one of the biggest factors for the advancement of capital markets.

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