BlackRock’s BUIDL has $2.93 billion in on-chain assets under management, with funds deployed across public blockchains including Ethereum, Avalanche, and Solana. Tokenization is managed by Securitize, and custody is provided by BNY Mellon. Ethereum holds over $1 billion in locked assets, Avalanche has approximately $900 million in assets, and Solana exceeds $550 million. BUIDL 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% to 5%.
BlackRock's BUIDL Fund Reaches $2.93 Billion in AUM, Expands Multi-Chain Ecosystem
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Summary
BlackRock’s BUIDL fund, a major player in on-chain news, now manages $2.93 billion in assets. The fund operates across Ethereum, Avalanche, and Solana, with the Ethereum ecosystem accounting for over $1 billion in locked assets. Tokenization is handled by Securitize, and BNY Mellon provides custody. BUIDL holds U.S. Treasuries, repurchase agreements, and cash equivalents, maintaining a $1 net asset value and generating an annual yield of 3%–5%.
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