BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
The first tokenized fund from the world's largest asset manager.
The BlackRock USD Institutional Digital Liquidity Fund, also known as **BUIDL**, represents tokenized shares of a money market fund managed by BlackRock.
It is designed to bring real-world assets to blockchain networks by offering on-chain exposure to U.S. Treasury bills and short-term cash equivalents.
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Project Overview
The fund is issued on the Ethereum blockchain and is open to qualified investors through Securitize, a regulated digital securities platform.
BUIDL offers tokenized exposure to a portfolio of short-term U.S. Treasury bills, repurchase agreements, and cash holdings managed by BlackRock's institutional fund team.
It aims to provide stability, transparency, and liquidity while bringing traditional finance infrastructure into the blockchain ecosystem.
Key Insights
The BlackRock USD Institutional Digital Liquidity Fund marks a turning point for institutional adoption of blockchain technology. For the first time, one of the world's largest asset managers has brought a traditional money market fund fully on-chain, allowing investors to hold tokenized shares that represent real financial instruments.
This initiative connects decentralized infrastructure with regulated finance, offering transparency through public ledgers while maintaining strict compliance standards.
The tokenized fund structure provides instant settlement, 24/7 accessibility, and real-time auditability, bridging the gap between blockchain efficiency and Wall Street-grade reliability.
As more institutions follow this path, BUIDL could serve as a blueprint for the tokenization of global capital markets.
Common Questions About BUIDL
1. What is BUIDL?
It is a tokenized money market fund managed by BlackRock, backed by short-term U.S. Treasuries and cash equivalents.
2. Who can invest in BUIDL?
The fund is open to qualified institutional and accredited investors via Securitize.
3. On which blockchain does it operate?
BUIDL runs on the Ethereum network using tokenized share representation.
4. What is the goal of BUIDL?
To bring regulated financial products to blockchain while maintaining investor protection and liquidity.
5. Does it pay yield?
Yes, holders earn yield from the underlying U.S. Treasury instruments and cash equivalents.
Market Context
The tokenization of real-world assets is rapidly expanding as traditional financial institutions explore blockchain's potential for liquidity and efficiency.
BUIDL positions BlackRock at the forefront of this transformation, creating a bridge between regulated investment products and the digital asset economy.