BlackRock's BUIDL Fund Surpasses $1 Billion

BlockBeats News, March 14th. Today, BlackRock's BUIDL Tokenization Fund broke through the $1 billion asset under management (AUM) mark, becoming the largest on-chain sovereign wealth fund globally. On-chain data shows that at 18:47 UTC on March 14th, Ethena minted $200 million worth of BUIDL tokens, propelling the fund's AUM past $1 billion.