BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in tokenized assets as of March 2025.
This milestone follows a recent surge in liquidity, with over $206 million in new tokens minted on March 13.
Despite a downtrend in the broader crypto market, BUIDL has seen impressive growth, up 56% in the last month, driven by institutional interest in tokenized real-world assets (RWAs).
The fund, launched in March 2024, primarily invests in U.S. Treasury debt and USD bank deposits, offering an annual yield of 4.5%.
It operates with fees between 0.20% and 0.50%, targeting U.S. qualified purchasers. BUIDL’s holder base grew nearly 20% last month, and its monthly transfer volume exceeded $269 million.
Ethereum remains the dominant blockchain for the fund, although it also utilizes Avalanche, Aptos, Polygon, Optimism, and Arbitrum.
As tokenization of RWAs continues to grow globally, BlackRock’s success with BUIDL highlights the rising institutional adoption of blockchain for traditional assets, signaling a shift towards more efficient liquidity and yield management through digital assets.
Coinbase has taken a major step toward expanding its decentralized finance (DeFi) presence by bringing onboard the leadership team behind Opyn Markets, a prominent name in the DeFi derivatives space.
Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
Robinhood has officially introduced Ethereum (ETH) and Solana (SOL) staking services for its U.S. customers, offering a new way for users to earn rewards on their crypto holdings.
Binance CEO Richard Teng shared an optimistic outlook on the future of cryptocurrencies during an appearance on Mornings with Maria, highlighting growing global acceptance, regulatory progress, and strategic reserve integration.