BUIDL | Crypto

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expanded by about $1 billion between March 26 and June 11, representing roughly half of the $2 billion growth of the tokenized US treasuries market in the period. According to rwa.xyz data, BUIDL’s size is $2.89 billion as of June 11. It is the largest tokenized money fund, […] The post BlackRock’s BUIDL nears $3B, registers 3x increase in less than 90 days appeared first on CryptoSlate.

sBUIDL can be used as collateral, traded or deployed in DeFi protocols while maintaining exposure to yield from underlying Treasurys. SBUIDL is BlackRock’s first tokenized fund with native decentralized finance (DeFi) capabilities. SBUIDL is the DeFi-compatible version of BlackRock’s $1.7-billion tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). BlackRock’s sBUIDL fund is more than just a digitized version of a treasury; it’s a glimpse into a future where traditional finance flows through decentralized pipes.  Read more