BlackRock manages $2.93 billion in tokenized assets, with Ethereum leading at $1.1 billion.

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Ethereum news emerged as BlackRock manages $2.93 billion in tokenized assets, with Ethereum ecosystem updates highlighting Ethereum’s $1.1 billion lead. The firm’s primary on-chain product is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), launched in 2024 in partnership with Securitize. BUIDL holds cash, U.S. Treasury securities, and repurchase agreements, using blockchain tokens to represent shares. The fund now operates on eight networks, including Solana, Polygon, and BNB Chain. BlackRock also filed with the SEC on May 8 to launch two new tokenized money market funds, BSTBL and BRSRV, targeting stablecoin issuers and holders.

Odaily Planet Daily reports that BlackRock currently manages $2.93 billion in on-chain tokenized assets, with Ethereum leading at $1.1 billion, ahead of Avalanche, Solana, and BNB Chain. Its primary on-chain asset is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), launched in 2024 by BlackRock in partnership with the issuance platform Securitize, which holds cash, U.S. Treasuries, and repurchase agreements, with investor shares represented as blockchain tokens. BUIDL has expanded to eight networks, including Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain, in addition to Ethereum. BlackRock also filed documents with the SEC on May 8 to launch two new tokenized money market funds, BSTBL and BRSRV, targeting stablecoin issuers and holders. (Bitcoin.com News)

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