Here’s How Much BlackRock’s Tokenized USD Fund Has Paid Out in Dividends
02.08.2024 13:00 1 min. read Alexander Stefanov
Since its launch in March 2024, BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL) has delivered $7 million in dividends.
This fund, which invests in U.S. Treasury Bills, cash, and repurchase agreements, has seen increasing monthly dividend payouts, reaching $2.12 million in July alone.
In April, BUIDL overtook Franklin Templeton’s BENJI fund to become the largest tokenized government debt fund. By July 2024, BUIDL had accumulated $500 million in investments, maintaining its top position in the market.
The trend of tokenizing financial assets continues to grow, with Goldman Sachs planning to introduce new tokenized products focused on U.S. and European debt markets next year.
The U.S. national debt has now surpassed $35 trillion, prompting some analysts to predict that this could drive investors toward Bitcoin as a safeguard against inflation.
Meanwhile, former U.S. Speaker Paul Ryan suggests that demand for tokenized U.S. debt instruments might help support the value of the dollar.
-
1
Animoca Brands Sees Revenue Growth While Cutting Costs with AI
05.03.2025 15:00 1 min. read -
2
Ark Invest Boosts Coinbase Holdings with $11.5 Million Purchase
11.03.2025 16:30 1 min. read -
3
Gold-Backed Stablecoins Challenge US Dollar’s Digital Dominance
23.03.2025 8:00 2 min. read -
4
Tether Moves to Boost Transparency with Full Audit Amid Growing Concerns
22.03.2025 18:00 2 min. read -
5
Trump Media Teams Up with Crypto.com to Launch Digital Asset ETFs
25.03.2025 14:20 2 min. read
Circle’s IPO Raises Doubts as Financial Challenges Surface
Circle’s recent move to file for an IPO has sparked skepticism among industry experts, who are raising questions about the company’s financial health and future prospects.
Digital Gold Rush: Tokenized Market Breaks $1.2 Billion
Tokenized gold is gaining momentum, with its market cap now surpassing $1.2 billion, driven by record-high gold prices and increasing interest in blockchain-based assets.
Crypto Market Poised for Bottom as Tariff Uncertainty Lingers
The crypto market might be on the verge of hitting a local bottom within the next two months, as ongoing uncertainty around US import tariffs keeps investor sentiment low.
Coinbase CEO Urges U.S. to Allow Interest on Stablecoin Holdings
Coinbase CEO Brian Armstrong is urging U.S. lawmakers to modernize stablecoin regulations, advocating for consumers’ right to earn interest on their stablecoin holdings.
-
1
Animoca Brands Sees Revenue Growth While Cutting Costs with AI
05.03.2025 15:00 1 min. read -
2
Ark Invest Boosts Coinbase Holdings with $11.5 Million Purchase
11.03.2025 16:30 1 min. read -
3
Gold-Backed Stablecoins Challenge US Dollar’s Digital Dominance
23.03.2025 8:00 2 min. read -
4
Tether Moves to Boost Transparency with Full Audit Amid Growing Concerns
22.03.2025 18:00 2 min. read -
5
Trump Media Teams Up with Crypto.com to Launch Digital Asset ETFs
25.03.2025 14:20 2 min. read
