BlackRock’s tokenized treasury fund BUIDL has skyrocketed over the past week, surging from $668 million to a whopping $1 billion in just six days. Talk about explosive growth. The fund, which launched in March 2024, offers a 4.5% annual yield through investments in U.S. Treasury debt and USD bank deposits. Not too shabby for traditional finance dipping its toes in crypto waters.
BUIDL’s mad dash to $1 billion shows Wall Street finally gets what crypto natives knew all along.
This 50% surge in assets under management didn’t happen by accident. A key catalyst? Ethena Labs dropped a cool $200 million into BUIDL on March 13, 2025. That’s serious cash. Ethena used this investment to back their dollar-pegged stablecoin USDtb, now valued at $542 million according to CoinGecko. Institutional money talks, and apparently, it’s saying “blockchain” these days.
BUIDL operates across multiple blockchains—Ethereum, Avalanche, Aptos, Polygon, Optimism, and Arbitrum. Versatility matters. The fund uses Wormhole bridge for cross-chain operations, though Ethereum remains its dominant blockchain. Despite the broader crypto market downtrend, BUIDL has maintained its impressive growth trajectory. BlackRock manages the fund while Securitize handles issuance. A match made in financial heaven? Maybe.
The holder base grew nearly 20% in the past month alone. Currently, 61 investors are on board. But don’t think you can join with pocket change. Minimum buy-in? A cool $5 million for individuals and $25 million for institutions. Exclusive club much?
Monthly transfer volume has exceeded $269 million, showing serious activity. FalconX now accepts BUIDL as collateral for leveraged deals. This isn’t just playing around—it’s changing how traditional finance operates. The fund provides investors with stable and predictable income, making it increasingly attractive in volatile markets. BUIDL’s significant growth demonstrates the importance of market depth in attracting institutional investors who require efficient trade execution without price impact.
As the largest fund in the $4.4 billion tokenized treasury market, BUIDL signals a shift toward more efficient liquidity management through digital assets. Traditional financial giants are finally catching on to what crypto enthusiasts have known for years: blockchain technology can revolutionize markets. Who would’ve thought BlackRock would lead the charge? Times change. Fast.
