Already a traditional finance 10 trillion dollar unit, BlackRock continues to expand its presence in the digital assets sector. This time, as reported by Arkham Intelligence, the Buidl Fund, a tokenized investment vehicle, has surpassed $1.5 billion in AUM.
For those unfamiliar, Buidl is fully backed by cash, US Treasury invoices and repurchase agreements, so it operates in a simple way and distributes daily returns directly to holders in the form of new Buidl tokens. There are two variations. Buidl is Buidl, which produces yields, and at least not yet.
Tokenized finance is not new, but institutional adoption is accelerating. BlackRock’s leap into space is already alongside the key Bitcoin ETF Holdings. Currently, the company manages over $5 billion in BTC.
Many agencies are hesitant to fully embrace on-chain assets (Hello Vanguard), but BlackRock is not waiting for full consensus.
BlackRock, Bitcoin, Buidl
Buidl’s continued expansion and its role in the financial structure in the chain suggests that tokenized assets remain here, at least in some way. Funds are increasing, integration is increasing, institutional involvement is becoming less on speculative interest and more on concrete and structured financial products.
In short, the line between traditional and blockchain-based finance is blurred every day, and BlackRock is once again at its center.
