BlackRock's BUIDL Fund Distributes Over $10 Million in May, Setting a New All-Time Monthly Record

BlockBeats News, June 4th, according to Bitcoin.com, Belridge's tokenized currency market fund BUIDL announced a dividend payment of over $10 million in May, reaching a new all-time monthly high. The fund has distributed a total of $43.4 million in dividends since its launch, with the current assets under management at $2.91 billion, maintaining its position as the world's largest tokenized currency fund.

BUIDL, launched by Belridge in partnership with Securitize, invests in U.S. Treasury bonds, cash, and repurchase agreements, issuing tokens on 7 blockchains including Ethereum and Solana. In the May dividend payment, the Ethereum network accounted for 93.7% (approximately $9.37 million), with the remaining chains accounting for 6.3%. The fund is only open to qualified investors, with a minimum investment threshold of $5 million for individuals and $25 million for institutions, and the assets are custodied by institutions such as BNY Mellon.