BlackRock’s tokenized U.S. Treasury fund BUIDL added $52.1 million in market value over the past 24 hours, extending its lead in the tokenized Treasury segment, according to a Techub News item citing CryptoBriefing. The fund’s market capitalization typically ranges between $2.5 billion and $2.7 billion, giving it a sizable share of a broader market estimated at roughly $15 billion to $16 billion. Launched in March 2024, BUIDL holds short-term U.S. Treasuries and cash equivalents and aims to keep its token net asset value near $1. The report said the fund offers a daily yield of about 3% to 5%. Compared with traditional money market funds, BUIDL provides around-the-clock instant settlement, reducing friction between on-chain and off-chain environments. Recent data also showed the fund grew by $32.5 million during one week in mid-August, a sign that institutional demand has continued to pick up.
BlackRock’s tokenized U.S. Treasury fund BUIDL increased its market value by $52.1 million over the past 24 hours, strengthening its lead in the tokenized U.S. Treasury market, according to Techub News, which cited CryptoBriefing.
BUIDL’s market capitalization typically stands between $2.5 billion and $2.7 billion. That gives the fund a significant share of a broader market estimated at about $15 billion to $16 billion.
BUIDL structure and yield profile
The fund was launched in March 2024. Its underlying assets consist of short-term U.S. Treasuries and cash equivalents, and the token is designed to maintain a net asset value of about $1 per token. The report said its daily yield is დაახლოებით 3% to 5%.
How it differs from traditional money market funds
Compared with traditional money market funds, BUIDL offers 24/7 instant settlement and removes some of the friction involved in moving between on-chain and off-chain environments.
Recent growth data
Recent figures showed that BUIDL expanded by $32.5 million during one week in mid-August, indicating that institutional demand has continued to accelerate.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
