BlackRock's BUIDL Surges Past $900M on Avalanche, Boosting Tokenized RWA Momentum

Headline: BlackRock’s BUIDL Surges Past $900M on Avalanche as Tokenized RWA Momentum Intensifies BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has vaulted past $900 million in assets on Avalanche, a dramatic move that underscores growing institutional interest in tokenized real-world assets (RWAs). According to RWA.xyz data cited by Wu Blockchain on July 12, BUIDL’s Avalanche allocation climbed from roughly $464 million to about $900 million in seven days — a roughly $436 million inflow and a 105% weekly jump. A multi-chain fund approaching $2.9B RWA.xyz’s BUIDL dashboard shows the total fund value at about $2.87 billion across supported networks, meaning Avalanche now represents nearly one-third of the entire vehicle. Ethereum remains BUIDL’s largest network allocation, with Avalanche sitting in second place. Importantly, the token’s target value remains $1 per share and the fund reports a net asset value of $1. Fund structure and strategy Launched in March 2024 via tokenization platform Securitize, BUIDL primarily invests in U.S. Treasury bills, cash and repurchase agreements. Its stated objective is “current income” while preserving liquidity and principal stability. Investors receive tokenized fund shares and daily-accrued dividends subject to eligibility and transfer controls; the on-chain tokens record ownership while the underlying portfolio is managed under the fund’s legal structure. BNY Mellon handles administration across both digital and traditional systems. Fees, yield and investor base RWA.xyz lists a seven-day annualized yield of 3.40% for BUIDL and management fees ranging from 0.20% to 0.50%, which can fluctuate with short-term interest rates, expenses and share-class differences. Despite approaching $2.87 billion in assets, the fund remains concentrated among a small set of approved investors — RWA.xyz shows just 113 holders — reflecting BUIDL’s primary focus on qualified purchasers rather than broad retail access. Network expansion and DeFi integration BUIDL first launched on Ethereum and expanded to Aptos, Arbitrum, Avalanche, Optimism and Polygon in November 2024, later adding Solana and BNB Chain. The Avalanche inflow has also pushed BUIDL deeper into DeFi: sBUIDL — a 1:1 token backed by BUIDL and issued by Securitize — became eligible collateral on Euler in May 2025, allowing approved users to borrow USDC or AUSD against the token in curated lending markets. Avalanche’s growing RWA footprint RWA.xyz data shows roughly $2.10 billion in distributed RWA value on Avalanche, up more than 58% over the past 30 days. Based on those figures, BUIDL’s Avalanche holdings account for around 43% of the network’s distributed RWA value. Avalanche also hosts tokenized products from other asset managers, including Franklin Templeton. What’s unclear and what to watch BlackRock and Securitize have not publicly identified which investors were behind the recent Avalanche increase. On-chain data confirms the asset growth but does not reveal whether it came from new subscriptions, intra-fund network transfers, or a mix of both. Market participants can continue to monitor developments via RWA.xyz as BUIDL’s multi-chain distribution and the broader institutional RWA narrative evolve. Context: the wider RWA trend The BUIDL inflow arrives amid a broader institutional push into tokenized assets. Crypto.news reported that tokenized RWAs crossed $29 billion by April 2026, with tokenized U.S. Treasuries climbing from roughly $380 million in 2023 to $13.4 billion by that date — evidence that traditional financial products are increasingly moving on-chain.