BlackRock's BUIDL fund, launched in March 2024, has now reached a scale of $2.7 billion, affirming its leading position in the Tokenized Treasury market (tokenized U.S. government bonds).

This fund for institutional investors allows holding assets such as cash, bonds, repos, and earning daily interest through tokens pegged 1:1 with USD.

Currently, 92% of BUIDL assets are deployed on the Ethereum network, and BlackRock has also expanded to Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon to optimize efficiency.