BlackRock's tokenized money-market fund BUIDL surpassed $900 million in assets on Avalanche in a week, more than doubling from about $464 million to over $900 million in seven days according to RWA.xyz data cited by market reports. The roughly 105% weekly increase added about $436 million to BUIDL's Avalanche balance and lifted the chain's share to nearly one-third of the fund's total assets. The growth reflects institutional demand for tokenized Treasury exposure as crypto returns have weakened and stablecoin supply has contracted, with tokenized money-market funds offering a blockchain-native way to hold yield-bearing dollar assets. BUIDL's total asset value now stands at about $2.87 billion, making it one of the largest tokenized U.S. Treasury products in the market. The fund, issued through Securitize and launched in March 2024, is designed for qualified institutional investors and holds short-duration U.S. Treasury bills, cash and repurchase agreements.
BUIDL Climbs From $464 Million to Over $900 Million on Avalanche in Seven Days
The Avalanche allocation of BlackRock's USD Institutional Digital Liquidity Fund climbed from about $464 million to more than $900 million in seven days. The surge added about $436 million to BUIDL's Avalanche balance and lifted the chain's share of the fund to nearly one-third of total assets.
BUIDL holds short-duration U.S. Treasury bills, cash and repurchase agreements, with each token intended to maintain a $1 net asset value. The fund is designed for qualified institutional investors and seeks current income while maintaining liquidity and stability of principal.
The growth on Avalanche is notable because BUIDL initially became closely associated with Ethereum after its launch in March 2024. Its expansion across multiple blockchains, including Avalanche, Solana and BNB Chain, shows how institutional tokenized funds are becoming more chain-agnostic as issuers and investors look for faster settlement, lower transaction costs and broader DeFi integration.
Avalanche has positioned itself around customizable blockchain infrastructure, enterprise adoption and real-world asset issuance, giving asset managers and fintech companies a way to build dedicated environments while still connecting to public crypto liquidity.
Tokenized Treasury Products Attract Institutional Demand Across Multiple Blockchains
Tokenized real-world assets have become one of crypto's growth themes. Treasury-backed tokens have attracted demand because they combine dollar stability, yield and blockchain settlement. They also give crypto-native firms an alternative to idle stablecoin balances.
Franklin Templeton, Ondo Finance, Superstate and other issuers have all expanded tokenized Treasury or money-market products, while chains compete to host institutional liquidity. Networks that can support regulated assets, reliable settlement and institutional integrations may gain an advantage over chains driven mainly by retail trading.
BUIDL's scale brings traditional asset-management credibility to tokenized finance. BlackRock is the world's largest asset manager, and its involvement has helped validate the idea that public blockchains can support regulated financial products. Securitize's role as the fund's transfer agent and tokenization platform also gives the product a regulated framework for onboarding qualified investors.
BlackRock Fund Reaches $2.87 Billion Total Assets With Multi-Chain Deployment
BUIDL's total asset value now stands at about $2.87 billion, making it one of the largest tokenized U.S. Treasury products in the market. The fund's expansion across multiple blockchains shows how institutional tokenized funds are becoming more chain-agnostic.
Avalanche's rising share of BUIDL assets may influence where developers build RWA applications. Liquidity tends to attract more integrations. If tokenized Treasury balances continue to grow on Avalanche, lending protocols, collateral platforms and institutional DeFi products may have incentives to support the chain.
The fund's increase on Avalanche also reflects broader demand for tokenized Treasury exposure. In a market where crypto returns have weakened and stablecoin supply has recently contracted, tokenized money-market funds offer institutions a blockchain-native way to hold yield-bearing dollar assets. These products can serve as collateral, settlement instruments or cash-management tools across onchain financial applications.
FAQ
What is BlackRock's BUIDL fund and how much did it grow on Avalanche?
BlackRock's BUIDL is a tokenized money-market fund that surpassed $900 million in assets on Avalanche, more than doubling from about $464 million in seven days. The roughly 105% weekly increase added about $436 million to BUIDL's Avalanche balance. The fund's total asset value stands at about $2.87 billion across multiple blockchains.
What assets does the BUIDL fund hold?
BUIDL holds short-duration U.S. Treasury bills, cash and repurchase agreements. Each token is intended to maintain a $1 net asset value. The fund is issued through Securitize, launched in March 2024, and is designed for qualified institutional investors seeking current income while maintaining liquidity and stability of principal.
Which blockchains support BlackRock's BUIDL fund?
BUIDL operates across multiple blockchains including Ethereum, Avalanche, Solana and BNB Chain. The fund initially became closely associated with Ethereum after its launch in March 2024, but has since expanded to other networks as issuers and investors look for faster settlement, lower transaction costs and broader DeFi integration.
