BlackRock's On-Chain Tokenized Asset Reaches $2.93 Billion, BUIDL Accelerates Expansion to Multi-Chain Ecosystem

BlockBeats News, July 14th, BlackRock's USD Institutional Digital Liquidity Fund BUIDL's on-chain asset under management has reached approximately $29.3 billion, hitting a new all-time high, reflecting institutional investors' growing demand for tokenized US Treasury products.

Currently, BUIDL has been deployed on multiple blockchains such as Ethereum, Avalanche, and Solana, with Securitize responsible for tokenization issuance and BNY Mellon providing custody. Data shows that Ethereum is still the largest deployment network for BUIDL, with over $10 billion locked; Avalanche has seen the fastest growth recently, doubling its assets under management to around $9 billion in a single week in July; Solana's on-chain AUM has exceeded $5.5 billion.

Reports indicate that BUIDL mainly invests in US Treasuries, repurchase agreements, and cash equivalents, maintaining a net asset value of $1 per share, and providing an annualized yield of approximately 3%-5%. As more DeFi protocols use BUIDL as collateral and liquidity assets, its use cases are expanding from institutional cash management to further encompass on-chain financial infrastructure.

Market analysis believes that BUIDL's rapid expansion is becoming a key example of the integration of traditional finance and blockchain, driving the continued development of the global Real World Asset (RWA) tokenization market.