BlackRock’s BUIDL Leads Surge as Tokenized Treasury Funds Cross $2 Billion
Tokenized Treasury funds have surpassed $2 billion in market capitalization, driven by rapid growth in offerings like BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
According to data released by RWA.xyz, this surge highlights the increasing popularity of digital representations of U.S. government bonds, which are now being traded as tokens on various blockchain platforms, including Ethereum.
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BlackRock’s BUIDL Market Cap Reaches $500 Million
The $2 billion milestone was reached just five months after reaching the $1 billion mark. BlackRock’s BUIDL fund, among others, has been a significant contributor to this growth, reflecting a broader trend of investors seeking to diversify through tokenized assets.
