BlackRock’s tokenized BUIDL fund has paid $7M in dividends since March
According to researcher Tom Wan, tokenized United States Treasury funds could see $3 billion in capital investment by the end of 2024.
BlackRock’s tokenized United States Dollar Institutional Digital Liquidity Fund (BUIDL), an investment vehicle holding United States Treasury Bills, cash, and repurchase agreements, has paid investors $7 million in dividends since the launch of the investment fund in March of 2024.
According to asset tokenization firm Securitize, BUIDL paid investors $265,400 in dividends in March, $1.21 million in April, $1.67 million in May, $1.82 million in June, and $2.12 million in July.
BlackRock’s BUIDL fund surpassed Franklin Templeton’s Franklin OnChain US Government Money Fund (BENJI) in April 2024, becoming the world’s largest tokenized government debt investment fund.
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Author: Vince Quill
