Blackrock's Buidl Hits $100m In Payouts, Showing Tokenized Finance...
BlackRock’s tokenized money market fund has distributed $100 million from Treasury yields, offering a real-world test of blockchain-based financial infrastructure.
BlackRock’s first tokenized money market fund has paid out $100 million in cumulative dividends since its launch, highlighting the growing real-world use of tokenized securities amid rising institutional adoption.
The milestone for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) was announced Monday by Securitize, which serves as the fund’s issuer and tokenization partner, overseeing onchain issuance and investor onboarding.
Launched in March 2024, BUIDL was initially issued on the Ethereum blockchain. The fund invests in short-term, US dollar–denominated assets, including US Treasury bills, repurchase agreements and cash equivalents, offering institutional investors a blockchain-based vehicle to earn yield while maintaining liquidity.
Investors purchase BUIDL tokens pegged to the U.S. dollar and receive dividend distributions directly onchain, reflecting income generated from the underlying assets.
Since its debut on Ethereum, BUIDL has expanded to six additional blockchains, including Solana, Aptos, Avalanche and Optimism.
The $100 million milestone is notable because it represents lifetime payouts derived from actual Treasury yields distributed to holders of onchain fund tokens. It demonstrates that tokenized securities can operate at scale while mirroring the core functions of traditional financial products.
The development also underscores the operational efficiencies enabled by blockchain technology, including faster settlement, transparent ownership records and programmable distributions, features that are increasingly drawing interest from large asset managers and institutional investors exploring tokenized real-world assets.
BUIDL, in particular, has seen strong adoption, with the value of the tokenized fund surpassing $2 billion earlier this year.
Related: Fragmentation drains up to $1.3B a year from tokenized assets: Report
Source: CoinTelegraph
