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.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.