BlackRock’s BUIDL Achieves $100M in Dividends for Tokenized Treasury
- BlackRock’s BUIDL is the first tokenized US Treasury product to distribute $100 million in lifetime dividends.
- BUIDL is a tokenized money market fund backed by US Treasury securities, delivering yield on blockchain rails.
- The infrastructure supporting BUIDL is provided by Securitize, specializing in the tokenization of real-world assets.
- Securitize ensures compliant issuance and management of tokenized securities on-chain.
BlackRock’s BUIDL has set a significant benchmark by distributing $100 million in dividends, facilitated by Securitize’s platform for managing real-world asset funds on-chain. This milestone highlights the potential of blockchain-based financial products linked to traditional assets.
Source (3.2)https://cryptobriefing.com/blackrock-buidl-tokenized-treasury-100m-dividends/?rand=59535