CMC News

BlackRock's BUIDL Fund Hits $100M Payout Mark

#BlackRock's tokenized Treasury fund has delivered $100 million in total payouts to investors, marking a concrete demonstration of blockchain-based finance operating at an institutional scale. The fund routes Treasury bill yields directly to tokenholders through on-chain distributions.

Securitize announced the milestone for the BlackRock USD Institutional Digital Liquidity Fund on Monday. The platform handles token issuance and manages investor onboarding for #BUIDL, which went live in March 2024 on the $ETH network.

The fund's mechanics mirror traditional money market products but execute entirely on-chain. Investors buy dollar-pegged tokens and collect income generated from a portfolio of #Treasury bills, repurchase agreements, and cash equivalents held by the fund.

$BUIDL has since deployed across six additional blockchains beyond Ethereum, including $SOL, Aptos, Avalanche and Optimism. This multi-chain approach expands access for institutional clients operating across different network ecosystems.

The $100 million figure reflects actual yield payments distributed to token holders rather than projected returns. The fund’s assets under management surpassed $2 billion earlier in 2024, with peak holdings exceeding $2.8 billion during October before recent market pullbacks.

Blockchain infrastructure delivers operational benefits that traditional fund structures cannot easily replicate. Transparent ownership records, programmable #dividend flows, and accelerated settlement cycles are drawing institutional managers toward tokenized products.

J.P. Morgan analyst Teresa Ho suggested in July that tokenized money market funds could compete with #stablecoins by preserving cash-like characteristics while generating yield. The comment came as regulatory frameworks like the GENIUS Act advanced stablecoin adoption in parallel.