BlackRock tokenized treasury fund BUIDL reaches $500M
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 09 2024- BlackRock USD Institutional Digital Liquidity Fund: Reached a $500 million market cap, the first tokenized treasury fund to do so.
- Tokenization Trends: Ethereum leads in tokenization blockchain with over 75% share of treasury funds, followed by Stellar at 23.9%.
- Real-World Asset Tokenization: BlackRock's BUIDL token pays daily dividends and is backed by real-world assets; other firms like WisdomTree are also tokenizing RWAs.
- Market Growth: Blockchain tokenization estimated to become a $16 trillion market by 2030, according to Boston Consulting Group.
- Future Outlook: Real estate, stocks, and various assets can be tokenized, expanding beyond U.S. Treasurys.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
