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.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.