BlackRock now manages $2.93 billion in tokenized on-chain assets, according to Odaily, with Ethereum accounting for $1.1 billion and ranking ahead of Avalanche, Solana, and BNB Chain. The firm’s main on-chain exposure is concentrated in the BlackRock USD Institutional Digital Liquidity Fund, or BUIDL, which BlackRock and issuance platform Securitize launched in 2024. The fund holds cash, U.S. Treasuries, and repurchase agreements, while investor interests are represented as blockchain-based tokens. BUIDL has since expanded beyond Ethereum to eight networks: Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain. Separately, Bitcoin.com News reported that on May 8 BlackRock filed paperwork with the U.S. Securities and Exchange Commission for two new tokenized money market funds, BSTBL and BRSRV. The planned products are aimed at stablecoin issuers and holders.
BlackRock’s on-chain tokenized assets reach $2.93 billion
BlackRock currently manages $2.93 billion in tokenized on-chain assets, according to Odaily. Ethereum leads with $1.1 billion, ahead of Avalanche, Solana, and BNB Chain.
BUIDL remains the main on-chain vehicle
The firm’s primary on-chain assets are concentrated in the BlackRock USD Institutional Digital Liquidity Fund, or BUIDL. BlackRock and issuance platform Securitize launched the fund in 2024. It holds cash, U.S. Treasuries, and repurchase agreements, with investor shares represented in the form of blockchain tokens.
Fund has expanded to eight networks
BUIDL has expanded from Ethereum to eight networks: Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain.
New tokenized money market funds filed with the SEC
Bitcoin.com News reported that BlackRock also filed documents with the U.S. Securities and Exchange Commission on May 8 for two new tokenized money market funds, BSTBL and BRSRV, aimed at stablecoin issuers and holders.
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