BlackRock’s BUIDL Fund Soars Past $2.89 Billion, Leading the Tokenized U.S. Treasury Market

BlackRock’s groundbreaking BUIDL fund has experienced remarkable growth, exceeding $2.89 billion in assets under management. This success positions it as the leading player in the tokenized U.S. Treasury market, demonstrating a surge in institutional interest for digitized high-yield financial instruments. The fund’s expansion highlights growing demand for these digital products from institutions like BlackRock itself.