BlackRock's BUIDL hits $100M in payouts, showing tokenized finance at scale
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BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has achieved $100 million in cumulative dividends since its launch in March 2024, marking a significant milestone in tokenized finance. The fund, which invests in US dollar-denominated assets, allows institutional investors to earn yield through blockchain technology. BUIDL has expanded to multiple blockchains and surpassed $2 billion in value. While tokenized money market funds are gaining traction, they face scrutiny regarding operational and liquidity risks, as highlighted by the Bank for International Settlements.
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