#TOKENIZED

BlackRock's tokenized US Treasury fund, BUIDL, has experienced significant growth, surpassing $1 billion in assets under management (AUM) this month. The rise in adoption reflects a shift towards real-world asset (RWA) tokenization amidst challenges in the broader crypto markets. BUIDL's AUM has surged by nearly 129% in the last 30 days, reaching $1.4 billion. The fund achieved this milestone within a year of its launch on the Securitize platform in March 2024, with the majority of its assets, 86.46%, residing on the Ethereum blockchain. Investor participation has also increased, with the number of holders rising by 19% to 62. This growth underscores the growing confidence in blockchain-based financial products and institutional interest in tokenizing bonds and credit instruments. Fidelity's recent filing with the SEC to launch a blockchain-based Treasury money market fund further exemplifies the trend of financial institutions embracing blockchain for tokenization purposes.