One of the most popular tokenised money market funds, BlackRock’s BUIDL has accumulated $1B in assets under management since its inception in 2024, marking a noteworthy milestone in the tokenization ecosystem growth.
Securitize, the tokenization provider for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has announced that the blockchain-based investment fund has amassed over $1 billion in assets under management (AUM) for the first year of operation.
The tokenised fund, which leverages the Ethereum network to achieve U.S. dollar yields, was launched in March 2024. It combines the reliability of traditional financial mechanisms with the efficiency of blockchain technology, enabling investors to grow their capital transparently and seamlessly.
BlackRock Financial Management oversees investment management for the BUIDL fund, while Bank of New York Mellon acts as the custodian of the Fund’s assets and its administrator, supporting interoperability between digital and traditional markets for the Fund. The fintech broker Securitize serves as the transfer agent and tokenisation platform, handling tokenised shares and managing Fund subscriptions, redemptions, and distributions. Additionally, Securitize Markets functions as the BUIDL placement agent, offering the Fund to eligible investors. Custodians supporting BUIDL subscribers include Anchorage Digital, BitGo, Copper, and Fireblocks, and others.
Securitize Co-founder and CEO Carlos Domingo stated that BlackRock’s BUIDL surpassing $1 billion in assets under management marked a significant milestone for on-chain finance. He expressed pride in their pioneering efforts to bring the product to life, emphasizing that tokenised securities were no longer just a concept but a tangible innovation. Domingo noted that BUIDL had set a new benchmark, demonstrating to the investment community that the market was here to stay, with growing momentum behind its recognition.
Created on Ethereum, BUIDL has soon expanded its interoperability with multiple blockchain networks, including Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon, to enhance accessibility within the decentralised finance (DeFi) ecosystem. As the tokenisation of real-world assets accelerates, the Fund will keep expanding into new blockchain ecosystems, introducing additional use cases to further advance on-chain finance.
Tokenisation of real-world assets (RWAs) is rapidly transforming traditional finance by digitising tangible assets like real estate, commodities, and financial instruments, making them more accessible for investors and highly liquid. In 2023, the global tokenisation market was valued at approximately $2.81 billion. Considering its rapid growth, the market could reach $13.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.8% during the forecast period.
