BlockBeats report: On July 14, the on-chain assets under management of BUIDL, BlackRock’s U.S. dollar institutional digital liquidity fund, reached approximately $2.93 billion, setting a new all-time high and reflecting continued growth in institutional demand for tokenized U.S. Treasury products.
BUIDL has been deployed on multiple blockchains, including Ethereum, Avalanche, and Solana, with tokenization managed by Securitize and custody provided by BNY Mellon. Data shows that Ethereum remains the largest deployment network for BUIDL, with a locked value exceeding $1 billion; Avalanche has seen the fastest recent growth, with its asset size doubling to approximately $900 million in a single week in July; and the Solana chain holds over $550 million.
Reports indicate that BUIDL primarily invests in U.S. Treasuries, repurchase agreements, and cash equivalents, maintaining a net asset value of $1 per share and offering an annualized yield of approximately 3%-5%. As more DeFi protocols adopt BUIDL as collateral and a liquid asset, its use cases are expanding beyond institutional cash management to include on-chain financial infrastructure.
Market analysis suggests that BUIDL's rapid expansion is becoming a key example of the convergence between traditional finance and blockchain, driving the continued growth of the global tokenized real-world assets (RWA) market.