Black Rock (@blackrock) BUIDL is a tokenized U.S. Treasury fund and Avalanche (@avax) it has quietly become the network’s biggest real-world asset. The fund holds cash, short-term Treasury bills, and repurchase contracts, aims to maintain the value of each token at approximately $1, and pays daily dividends directly to holders’ wallets. On July 12th, avalanche The fact that the footprint crossed the line attracted attention. BUIDL’s assets on the network more than doubled in seven days, increasing from approximately $464 million to more than $900 million.
That’s a 105% increase in one week, or about $436 million in new funding. This has overtaken all other chains except BUIDL’s Ethereum and pushed Avalanche aside, which raises a natural question for anyone looking at this. $AVAX: Do numbers this big actually make a big difference to the network?
What is BUIDL? How is it performed in Avalanche?
BUIDL (official name: BlackRock USD Institutional Digital Liquidity Fund) Ethereum Through Securitize in March 2024 (@Securitize), BlackRock’s tokenization partner. BlackRock also owns a strategic stake in Securitize. The fund will expand to Avalanche and four other chains in November 2024; Solana and BNB chain.
In Avalanche, BUIDL exists on the C chain as its own shared class. It relies on what Avalanche sells to institutions: low fees, sub-second finality, and Ethereum tool compatibility. There is also sBUIDL, a composable version that plugs into DeFi, published by Securitize. Since May 2025, sBUIDL has served as collateral for Euler (@eulerfinance) Avalanche’s lending market allows authorized holders to borrow $USDC or $AUSD against it.
The fund currently yields approximately 3.40% on a seven-day annualized basis, with management fees ranging from 0.20% to 0.50%, depending on share class. BNY Melon (@BNYglobal) acts as administrator and custodian.
Why the sudden rise in prices?
Landing the jump was fast. The overall status of the fund is as follows.
- Avalanche currently holds approximately $902.7 million in BUIDL, nearly one-third of the fund’s total value.
- The total BUIDL AUM across all chains is nearly $2.87 billion.
- Ethereum takes the lead with about $1.02 billion, followed by Solana with about $616 million.
This makes Avalanche BUIDL’s second largest chain based on assets. It is also by far the largest single tokenized asset on Avalanche.
Before reading too much into it, there is one detail worth remembering. BUIDL is not a retail product. Minimum investment is $5 million and sold only to qualified purchasers under Reg D 506(c) and 3(c)(7) exemptions. The $436 million increase in value in one week almost certainly reflects one or two large allocations rather than a broader wave of new buyers. The headline is true. The base below it is narrow.
What Avalanche’s RWA push means
Even with that in mind, direction is important. BlackRock is choosing to expand its position in Avalanche rather than keeping everything on Ethereum. This is the kind of signal the network has spent two years chasing. Avalanche has already hosted institutional investors from JP Morgan’s Kinexys, Citi, KKR and Franklin Templeton, and BUIDL is now an anchor tenant.
Hit RWA.xyzThe total value of real-world assets tokenized on Avalanche reached approximately $2.1 billion, an increase of over 58% in the past 30 days. BUIDL is responsible for most of the improvements. The increase in BUIDL on-chain provides more room for sBUIDL to move within Avalanche DeFi. This is the flywheel the ecosystem wants. Institutional investors’ assets arrive and are then put into operation in the lending and collateral markets.
Did the surge move? $AVAX?
Actually not, at least not yet. $AVAX With a trading price of around $6.60 and a market cap of around $2.85 billion, the token has fallen by around 4% in the same seven days that BUIDL doubled. Avalanche DeFi TVL is close to $460 million.
That gap is the story. BUIDL holders pay gas to mint, transfer, and redeem, but funds with relatively few holders do not generate the daily trading volume needed to move funds. layer 1 Economics itself. value of $AVAX Slower and less direct. The institutional footprint is large and the RWA narrative is strong, which is why the next asset manager is turning to Avalanche first.
Avalanche has the largest tokenized treasury position outside of Ethereum, a DeFi path for its funds through sBUIDL, and a token unfazed by the news. A $900 million allocation is easy to park. By turning it into an on-chain activity, $AVAX That’s the harder part.
source of information
- avalanche The launch of BUIDL’s Avalanche will be officially announced in November 2024, with systematic promotion of the network.
- RWA.xyz Live BUIDL dashboard covering AUM, yield and fees per chain.
- BlackRock (PR Newswire) Press release regarding multi-chain share class expansion including Avalanche.
- crypto news We report on the $900 million surge and sBUIDL collateral consolidation at Euler.
- CoinGecko live $AVAX price, market capitalization, supply, etc.
