According to PANews, BlackRock launched its tokenized fund under the modest name BUIDL (which obviously sounds like an order: 'Build, don't complain!'). And this crypto-armed dinosaur of traditional finance has, in just a couple of months after its launch — in March 2024 — already gobbled up $2.7 billion under management. Pause. Let's repeat slowly: 2.7 billion dollars. In tokenized U.S. government bonds.
Wait, you haven't asked the main question yet: why is this important?
The financial elite has started playing in crypto. Just without you.
Do you remember how for the last 10 years we were told that 'cryptocurrency is for anarchists, criminals, and basement gamers'? And now the largest asset manager in the world — the very one whose signature decides whether pensioner Joe gets his new pacemaker — is tokenizing U.S. Treasury bonds and launching them into Ethereum contracts.
And not just Ethereum. Currently, 92% of BUIDL's assets are based on Ethereum, but what is BlackRock doing? Right: spreading to other blockchains like the CIA in the Middle East. On the list:
• Solana — where it's cheap, fast, and fierce.
• Avalanche, Arbitrum, Optimism — you don't know them, but they are also in the game.
• Polygon and Aptos — BlackRock has also brought suitcases here.
And this means only one thing: crypto is officially legalized in the eyes of the elites. Just you weren't invited.
So what's inside BUIDL?
This is not some risky crypto. These are U.S. Treasury securities, cash, and REPO agreements, meaning everything that banks bring when they want to sleep peacefully. But now you can buy them as a token pegged to the dollar 1:1 and receive daily dividends directly to your wallet. On the blockchain. In tokens.
Yes, now dividends are not a piece of paper from the mail, but a smart contract that says: 'keep your interest, dude'. Looks futuristic, doesn't it?
Numbers that will surprise you:
• In 2 months — $2.7 billion AUM.
• Daily dividends — in tokens, to wallets.
• 7 blockchains are already in the game.
• Full peg to the dollar — without fluctuations, without the risk of a collapse like UST (hello, Terra).
• Minimum users — maximum institutional money. That is: this wasn't intended for you. For now.
