According to Odaily Planet Daily, BlackRock, the world's largest asset management company, launched the BUIDL fund last week, raising US$160 million in the first week. Ondo said it will allocate the majority of the assets of its tokenized short-term U.S. Treasury bond ETF OUSG to BUIDL, transferring $95 million to BUIDL. As of Wednesday afternoon, BUIDL's balance reached $244.8 million. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund that invests in U.S. Treasuries, repurchase agreements, and cash. With the help of Securitize, it uses the Ethereum blockchain to issue BUIDL tokens that aim to provide a stable value of $1 per token, with dividends paid to accredited investors in the form of tokens representing U.S. dollar gains.