BUIDL is an Ethereum blockchain fund by BlackRock.
The BUIDL fund provides institutional investors with the opportunity to earn from tokenized U.S. bonds through blockchain, offering benefits such as 24/7 operation, transparency, increased capital efficiency, monthly dividends, and low operating expenses.
In just a few months after its launch, BUIDL has outperformed the similar FOBXX fund launched in 2023.
Despite the high entry threshold for BUIDL — starting at $5 million, the fund quickly became a leader in its segment.
Currently, the BUIDL fund ranks second in capitalization among all tokenized assets, second only to XAUT — Tether’s tokenized gold.
However, this is only a small part of the market. The total market value of U.S. Treasury securities is estimated at $27 trillion, with only about two billion of them being tokenized.
