Blackrock’s BUIDL Fund Reclaims Top Spot in Tokenized Treasuries
- Blackrock’s BUIDL fund has $2.8 billion in assets, representing about 18.5% of the $15.1 billion tokenized Treasury market.
- BUIDL regained its position as the largest tokenized Treasury fund in August after being surpassed by Circle’s USYC in March.
- Securitize manages BUIDL across eight blockchains, including Ethereum, Solana, and Aptos.
- Launched in March 2024, BUIDL targets a stable $1 net asset value with daily yield accrual through a rebase mechanism.
- Moody’s assigned BUIDL a top AAA-mf rating due to its conservative holdings like cash and short-term U.S. Treasury bills.
Blackrock’s BUIDL fund has reclaimed its status as the largest tokenized Treasury product globally, holding $2.8 billion in assets under management as of late August, surpassing Circle’s USYC once again after losing the lead earlier this year.
With Securitize managing operations across multiple blockchains such as Ethereum, Blackrock’s strategic positioning enables it to maintain dominance in the growing tokenized Treasury market.(Source)
