The blockchain-based institutional digital liquidity fund managed by the world’s largest asset manager, BlackRock, has distributed a total of $17.2 million in dividends since it was launched back in March.
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which is available in six different blockchains, including Ethereum, Arbitrum, Avalanche, Polygon, Aptos, and Optimism, currently holds $648.5 million in total assets, with each token having a net asset value of $1.
📢 BUIDL Dividend Update: $17.2M Distributed!The @BlackRock USD Institutional Digital Liquidity Fund continues to showcase the power of tokenized finance, paying out over $17 million in dividends since its launch in March. 🌟With availability on six blockchains— @Ethereum,… pic.twitter.com/RhbRFhjIDT
— Securitize (@Securitize) January 2, 2025
According to RWA.xyz, a platform tracking tokenized real-world assets, BlackRock’s on-chain institutional liquidity fund has just 46 token holders and offers an annual percentage yield (APY) of 4.5%.
Around 73.9% of the fund’s total assets are on the Ethereum blockchain, while 8.8% are on Avalanche and roughly 8.12% on Aptos, with the rest being distributed between the other blockchains it’s available on, with no other chain having more than 5% of its assets on it.
The fund is only available to qualified investors in the United States and is one of the largest on-chain institutional liquidity funds, falling behind only Hashnote’s Short DurationUS Yield Coin (USYC), but towering over the Franklin OnChain U.S. Government Money Market fund (FOBXX) and Ondo’s U.S. Dollar Yield (USDY) fund.
In total, according to the platform, tokenized treasuries funds have a total value of $4 billion and offer an average yield to maturity of little over 4%. There are 37 different funds, with 12,142 total token holders.
Featured image via Unsplash.
