BlackRock’s $BUIDL Fund Nears $3B, Doubles in 90 Days Amid RWA Boom

On June 13, BlockBeats and Cryptoslate reported that BlackRock’s tokenized money market fund, $BUIDL, has soared to $2.89B, nearly tripling in under 90 days.

🔹 Between Mar 26 – Jun 11, $BUIDL added $1B, representing 50% of the $2B growth in the tokenized U.S. Treasury market.

🔹 The fund now controls 40% of the entire $7.34B RWA market, making it the largest tokenized money market fund.

🔹 While earlier growth was largely driven by Ethena’s $USDtb, which injected $1.3B in reserves, recent gains came without further $USDtb inflows, showcasing organic demand for high-yield regulated instruments on public blockchains.