BlackRock's BUIDL scale has approached $3 billion, rising threefold in less than 90 days.

Gate News bot news, BlackRock's US Institutional Digital Liquidity Fund (BUIDL) saw its market size increase by approximately 1 billion USD from March 26 to June 11, accounting for about half of the 2 billion USD increase in the US tokenization Treasury market during the same period.

According to data from rwa.xyz, as of June 11, the scale of BUIDL is $2.89 billion. It is the largest tokenized currency fund, accounting for 40% of the $7.34 billion market.

March 26 is a significant benchmark because Ethena Labs ceased increasing its holdings in the fund to support its USDtb stablecoin on this day. In 2025, USDtb drove most of the growth of BUIDL, allocating 90% of its reserves to the fund, totaling $1.3 billion.

Therefore, without the push from Ethena, BUIDL achieved a significant growth of 35% in less than three months, indicating a sustained demand for regulated high-yield cash instruments on public chains.

In addition, since reaching 1 billion dollars on March 13, the fund has grown nearly threefold, achieving this milestone in just over a year.

It is worth mentioning that the fund's size grew threefold in less than 90 days, indicating a surge in interest in RWA tokenization, particularly in tokenized U.S. Treasury bonds.

Source: CryptoSlate

RWA7%
ENA-5.99%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
AutumnWaterBeauty123vip
· 07-12 13:57
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)