After BlackRock launched BUIDL, the first tokenized asset fund, U.S. Treasury bonds worth more than $1 billion have been tokenized on blockchains such as Ethereum, Polygon, and Solana. This achievement comes thanks to the launch of BlackRock’s USD Institutional Digital Liquidity Fund.
BlackRock’s Ethereum-based product BUIDL launched on March 20 and has a market capitalization of over $244.8 million. As of now, the market value of BUIDL products based on Ethereum has reached US$244.8 million, second only to the US Government Monetary Fund on the Franklin Chain. Among them, Ondo Finance, a real asset tokenization company, invested US$95 million in its U.S. Treasury bond-backed token OUSG, accounting for 38% of the BUIDL fund.
