BlackRock’s BUIDL Fund Soars Past $2 Billion in Growth Amidst DeFi Surge

BlackRock’s BUIDL fund has experienced explosive growth, surpassing the $2 billion mark in asset value (AUM) since its launch. This rapid rise is fueled by investor preference for purchasing BUIDL tokens on Ethereum, which holds over 90% of the total token supply. This blockchain-based approach to financial instruments aligns with rising demand for secure yield-generating options within traditional finance during a period of market volatility.