BlackRock's BUIDL Fund Invests $2.7 Billion in Ethereum Ecosystem

According to ChainCatcher, as reported by Tokocrypto News, the tokenized money market fund BUIDL (USD Institutional Digital Liquidity Fund) of the world's largest asset management company BlackRock has reached an investment scale of approximately $2.7 billion in the Ethereum ecosystem, accounting for 92% of its total assets.

The fund was launched in March 2024, with its asset size rapidly growing from an initial $667 million to the current $2.7 billion. BUIDL is a tokenized money market fund that provides institutional investors with investment opportunities in liquid assets such as U.S. Treasury bonds and repurchase agreements, with each BUIDL token pegged 1:1 to the dollar.

In addition to Ethereum, BlackRock has also expanded BUIDL to seven other blockchain networks, including Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon, to achieve better efficiency and scalability.