BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
Summary
BUIDL is a tokenized U.S. dollar money market fund managed by BlackRock and issued on public blockchains through tokenization platform and transfer agent Securitize. Launched on Ethereum in March 2024, it holds cash, U.S. Treasury bills, and repurchase agreements, is custodied by Bank of New York Mellon, and is offered as a private placement restricted to accredited/qualified institutional investors rather than as a retail SEC-registered security. It has grown into the largest tokenized U.S. Treasury fund by assets under management, but access, redemption, and transfer are gated by centralized whitelisting and freeze controls typical of permissioned real-world-asset (RWA) tokens.
Connected Entities
1 entities · 10 linked investigationsTimeline(6 events)
2024-03-20
BlackRock launches BUIDL, its first tokenized fund, on the Ethereum network, with Securitize as tokenization platform and transfer agent, and Bank of New York Mellon as custodian.
Nasdaq / BlackRock2024-04-11
Circle announces a smart contract allowing BUIDL holders to convert tokens to USDC at 1:1 parity on a near-instant, 24/7 basis, providing an alternative to the standard next-business-day redemption process.
Circle press release2024-12-01
BUIDL expands with new share classes on Aptos, Arbitrum, Avalanche, Optimism, and Polygon, broadening multi-chain access beyond Ethereum.
PR Newswire2025-02-01
BUIDL surpasses $1 billion in assets under management, becoming the largest tokenized fund tracking on-chain U.S. Treasuries.
The Block2025-03-25
BlackRock and Securitize launch a new BUIDL share class on Solana, coinciding with the fund's one-year anniversary and roughly $1.7 billion in cumulative issuance.
CoinDesk2025-11-14
BUIDL launches on BNB Chain and becomes eligible as off-exchange collateral on Binance via custody partner Ceffu.
PR NewswireDecision Log
- #1publish⛓ pending7/22/2026, 3:58:47 AMhash: CLoR8uanDdYMEpQJfGYqY8SWoJfQvcFx3mWZT2hGWvz4
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 7/22/2026, 3:58:38 AM
last updated: 7/22/2026, 3:58:47 AM
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