'BlackRock Tokenized Fund' BUIDL triples in size in 90 days…AUM surpasses ₩3.9 trillion
Summary
- BlackRock's BUIDL tokenized money market fund reportedly saw its assets under management triple over the past 90 days.
- BUIDL is said to be the largest in the tokenized money market fund market, accounting for 40%.
- BlackRock is strengthening its role as a bridge between traditional capital markets and the digital asset ecosystem, with tokenized funds emerging as a major strategic pillar.
BlackRock’s tokenized money market fund BUIDL has reached $2.9 billion (approximately ₩3,976 billion) in assets under management, tripling in size over the past 90 days.
According to CryptoSlate, a cryptocurrency-focused media outlet, BlackRock’s BUIDL surpassed approximately $2.9 billion in assets under management as of the 11th (local time). This makes it the largest fund, accounting for 40% of the entire tokenized money market fund market.
Previously, BUIDL surpassed $1 billion in AUM in March, tripling its assets in just three months. Along with this, the overall tokenized US Treasury market also showed rapid growth.
Nate Geraci, CEO of ETF Store, explained, "BlackRock is accelerating its role as a bridge between traditional capital markets and the digital asset ecosystem," adding, "Tokenized funds have emerged as a major strategic pillar."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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