Securitize announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has surpassed $1B in assets under management, marking a significant milestone in the growth of the tokenization ecosystem. Securitize is the tokenization provider for BUIDL, which launched in March 2024 and is BlackRock’s first tokenized fund to be issued on a public blockchain.

BUIDL offers qualified investors access to U.S. dollar yields on-chain with flexible custody, daily dividend payouts, and near real-time 24/7/365 peer-to-peer transfers. These features have unlocked innovative utility for institutions spanning treasury management, stablecoin backing, DeFi access, and collateral for trading. These use cases showcase enhanced liquidity and transparency with reduced counterparty risk with the backing of BlackRock, the world’s largest asset manager.

Since inception, the BUIDL ecosystem has grown significantly. Initially launching on the Ethereum blockchain, BUIDL has expanded across Aptos, Arbitrum, Avalanche, Optimism, and Polygon, with cross-chain interoperability enabled by Wormhole to ensure seamless and secure token transfers. Custodians supporting BUIDL subscribers include Anchorage Digital, BitGo, Copper, and Fireblocks, among others, and Bank of New York Mellon serves as BUIDL’s cash and securities custodian.

“BlackRock’s BUIDL surpassing $1B in AUM represents a significant moment for on-chain finance”, said Securitize Co-founder and CEO Carlos Domingo. “We are proud of our pioneering work to make this product a reality, which demonstrates that tokenized securities are not just a concept, but a tangible innovation. BUIDL has set a new standard, proving to the investment community that this market is here to stay—and the momentum behind that recognition is only growing.”

Joseph Chalom, Head of Strategic Ecosystem Partnerships at BlackRock noted: “BUIDL showcases the viability of real-world assets on-chain, offering institutional investors enhanced liquidity, flexibility, and yield opportunities. We’re grateful to Securitize, BNYM and all of our partners, and we are thrilled to see BUIDL’s  growth accelerate even further.”

As tokenization of real-world assets gains significant momentum, BUIDL will continue to expand to new blockchain ecosystems, with more use cases on the way to continue pushing on-chain finance forward.

Source: Securitize