BlackRock’s BUIDL fund has achieved a milestone by becoming the first on-chain fund to surpass $1 billion in assets under management as of March 13, 2025.
This step underscores the growing importance of tokenized assets in modern finance, driving institutional interest and reshaping investment paradigms.
BUIDL Fund Surpasses $1 Billion Milestone
BlackRock, known as the largest asset manager, leads this major achievement with its BUIDL fund. Crossing the $1 billion mark, the fund highlights the increasing viability and attraction of tokenized securities.
Established on March 13, 2025, BUIDL collaborates with the platform Securitize. Its substantial performance stems partly from a $200 million investment by the cryptocurrency entity Ethena.
“This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize.” — Robert Mitchnick, Head of Digital Assets, BlackRock
Tokenized Treasuries Capture 25% Market Share
The BUIDL fund’s success reflects the burgeoning market for tokenized Treasuries, now representing 25% of the $4.2 billion sector. Experts anticipate increased adoption among institutional investors seeking blockchain-based products.
The endorsement from Ethena’s founder points to a durable confidence in tokenized assets. Analysts predict further financial integration driving innovation and adopting decentralized financial solutions.
Legacy Finance Embraces Tokenized Securities
Prior to this, Hashnote’s USYC was the top tokenized money market. The rise of BUIDL signals a shift in tokenized assets, particularly with backing from traditional finance entities like BlackRock.
Experts believe BUIDL’s breakthrough validates the tokenized securities model. The success aligns with historical finance trends towards embracing decentralized technologies for broader asset management strategies.
