BlackRock’s BUIDL fund has exploded in growth, surging a staggering 50% in just six days. The tokenized money market fund, which launched in March 2024, crossed the $1 billion assets under management threshold on March 14, 2025. That’s billion with a “B.” Not too shabby for a blockchain-based product that’s barely a year old.
BlackRock’s BUIDL fund isn’t just growing—it’s exploding, hitting $1B in assets after just one year in the blockchain space.
This isn’t just some random growth spurt. BUIDL has seen a remarkable 56% increase in just 30 days. A major contributor? Ethena Labs dumped $200 million into the fund on March 13. The fund now manages $1.004 billion in assets, making it the largest blockchain-based money market fund out there. Period.
Built on multiple blockchains—Ethereum, Avalanche, Arbitrum, Optimism, and Polygon—BUIDL is backed by short-term U.S. government bonds with its price anchored at $1. The fund primarily invests in U.S. Treasury debt and USD bank deposits to maintain its stable value proposition. Unlike decentralized cryptocurrencies, BUIDL operates with centralized control similar to how fiat cryptocurrencies function under government authority. The fund’s strategy of providing daily returns has made it particularly attractive to qualified investors seeking reliable income streams. The fund boasts an annual yield of 4.5%, which apparently is attractive enough to lure in 61 current holders, a 19.6% jump in the last month alone.
The minimum buy-in isn’t for small fry investors. You’ll need $5 million as an individual or $25 million as an institution. Yeah, this is big-league stuff.
BUIDL now dominates the $4.4 billion tokenized treasury market. It’s even being accepted as collateral by FalconX for leveraged deals. Talk about street cred.
BlackRock isn’t playing favorites with blockchains either. The fund recently expanded beyond Ethereum to Aptos, with varying fee structures depending on which blockchain you’re using—20 basis points on Aptos, Avalanche, and Polygon versus 50 basis points on Ethereum, Arbitrum, and Optimism.
The success of BUIDL might just be the canary in the coal mine for traditional finance. It’s accelerating the integration of traditional finance with blockchain technology and attracting institutional investors to on-chain products. Could this tokenized approach to traditional assets be the future of finance? The billion-dollar question indeed.
