Ethereum: BlackRock BUIDL Fund Surges $600M AUM

BlackRock’s BUIDL Fund Gains $600M AUM in Two Weeks on Ethereum

• BlackRock’s BUIDL fund increased its assets under management by $600 million in just two weeks, primarily on Ethereum.
• The BUIDL fund is now issued natively on seven major blockchains, including Ethereum, Aptos, Arbitrum, Avalanche, Optimism, Polygon, and Solana.
• BlackRock has distributed over $78 million in dividends through the BUIDL fund since its launch.
• Securitize acts as the issuer, placement agent, and transfer agent for the BUIDL fund.
• The tokenization platform integrated with Ripple’s stablecoin in September to enhance liquidity for yield-bearing assets.

BlackRock’s BUIDL fund has significantly expanded its reach across multiple blockchains, with a notable increase of $600 million in assets under management primarily on Ethereum. The fund is now available on seven major blockchains.