{"id":431552,"date":"2024-07-08T12:30:44","date_gmt":"2024-07-08T11:30:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=431552"},"modified":"2026-10-25T16:13:56","modified_gmt":"2026-10-25T16:13:56","slug":"blackrocks-buidl-fund-inches-toward-500-million-amid-crypto-market-struggles","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/blackrocks-buidl-fund-inches-toward-500-million-amid-crypto-market-struggles\/","title":{"rendered":"BlackRock&#8217;s BUIDL fund inches toward $500 million amid crypto market struggles"},"content":{"rendered":"<p>BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is close to reaching $500 million in assets under management.<\/p>\n<p>The tokenized fund, represented by the BUIDL token on the <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> network, now holds $491 million in assets, according to Dune Analytics data.<\/p>\n<p>Blockchain analytics platform IntoTheBlock noted that this milestone comes during a period of <a href=\"https:\/\/cryptoslate.com\/bitcoin-tumbles-as-whale-sells-3500-btc-310-million-liquidated-in-24-hours\/\">price struggles<\/a> for major digital assets like Bitcoin and Ethereum. It <a href=\"https:\/\/x.com\/search?q=blackrock%20BUIDL&src=typed_query&f=top\">stated<\/a>:<\/p>\n<blockquote><p>&#8220;While the crypto market struggles, BlackRock's BUIDL fund, operating on the Ethereum network, continues to attract new investors. The fund requires a minimum entry of $5 million.&#8221;<\/p><\/blockquote>\n<p>The fund, created with the tokenization services platform Securitize, invests 100% of its total assets in cash, US Treasury bills, and repurchase agreements, allowing investors to earn yield while holding the token on the blockchain.<\/p>\n<p>Notably, it has captured nearly 30% of the market since its launch in March. However, on-chain <a href=\"https:\/\/etherscan.io\/token\/0x7712c34205737192402172409a8F7ccef8aA2AEc#balances\">data<\/a> shows that only 16 wallets hold tokens from the fund, with 75% of the supply concentrated among the top 5 holders.<\/p>\n<p>Interestingly, Ondo Finance, an institutional-grade on-chain finance firm, owns about 44.8% of the BUIDL fund. These funds are distributed across its two wallets, OUSG Holding and OUSG Instant Manager.<\/p>\n<h2>Tokenization interest is growing.<\/h2>\n<p>BlackRock's BUIDL rapid growth highlights the <a href=\"https:\/\/cryptoslate.com\/chainlink-to-showcases-on-chain-nav-for-sygnums-50-million-tokenized-matter-labs-treasury\/\">growing institutional interest<\/a> in tokenizing real-world assets (RWA) like bonds and credit.<\/p>\n<p>Over the past year, this process has gathered <a href=\"https:\/\/cryptoslate.com\/chainlink-exec-says-leading-banks-have-begun-tokenizing-real-world-assets\/\">broad adoption<\/a>, with a recent Ernst & Young survey showing that 50% of institutional investors are interested in tokenized assets. The report indicated that investors pile into these assets because it has the benefit of portfolio diversification and can also provide greater liquidity.<\/p>\n<p>It <a href=\"https:\/\/www.ey.com\/en_us\/insights\/financial-services\/evolving-digital-assets-sentiment-among-investors\">added<\/a>:<\/p>\n<blockquote><p>&#8220;Tokenizing alternatives has the potential to enable access to a broader array of investors through lower minimums, and also the ability to enable diversification to larger institutional investors as they allocate to more alternatives, and drive liquidity once secondary markets are established.&#8221;<\/p><\/blockquote>\n<p>According to Dune Analytics data, more than $1.5 billion worth of US Treasuries now exist on blockchain networks like Ethereum, Polygon, and Solana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s USD Institutional Digital Liquidity Fund (BUIDL) is close to reaching $500 million in assets under management. The tokenized fund, represented by the BUIDL token on the Ethereum network, now holds $491 million in assets, according to Dune Analytics data. Blockchain analytics platform IntoTheBlock noted that this milestone comes during a period of price struggles [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":431586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,35372,78983],"tags":[77954,79365,72190],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock&#039;s BUIDL fund inches toward $500 million amid crypto market struggles<\/title>\n<meta name=\"description\" content=\"BlackRock&#039;s $491 million BUIDL fund sees rapid growth despite broader crypto market slump.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/blackrocks-buidl-fund-inches-toward-500-million-amid-crypto-market-struggles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock&#039;s BUIDL fund inches toward $500 million amid crypto market struggles\" \/>\n<meta property=\"og:description\" content=\"BlackRock&#039;s $491 million BUIDL fund sees rapid growth despite broader crypto market slump.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/blackrocks-buidl-fund-inches-toward-500-million-amid-crypto-market-struggles\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T11:30:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-25T16:13:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/07\/blackrock-buidl.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/blackrocks-buidl-fund-inches-toward-500-million-amid-crypto-market-struggles\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/blackrocks-buidl-fund-inches-toward-500-million-amid-crypto-market-struggles\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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