BlackRock’s BUIDL becomes the world’s largest tokenized treasury fund
It took less than six weeks for the BlackRock USD Institutional Digital Liquidity Fund to surpass Franklin Templeton’s one year old tokenized treasury fund.
The BlackRock USD Institutional Digital Liquidity Fund is now the largest treasury fund tokenized on a blockchain after it surpassing Franklin Templeton’s product this week.
BlackRock’s six-week old product, tickered BUIDL, has notchemarket cap of $375 million, surpassing the 12-month-old Franklin OnChain U.S. Government Money Fund (BENJI), which sits at $368 million, according to a Dune Analytics dashboard.
It comes as BUIDL took in $70 million in the last week, including $50 million from real-world asset tokenization firm Ondo Finance’s OUSG token.
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Author: Brayden Lindrea
