BlackRock's BUIDL onchain AUM hits record $2.93 billion as demand for tokenized Treasuries climbs

According to BlockBeats, BlackRock's U.S. dollar Institutional Digital Liquidity Fund (BUIDL) reached about $2.93 billion in onchain assets under management on July 14, a new all-time high that underscores sustained institutional appetite for tokenized U.S. Treasury exposures. BUIDL is live across several blockchains, including Ethereum, Avalanche, and Solana. Securitize handles the tokenization, while BNY Mellon provides custody. Ethereum remains the largest network for BUIDL, with more than $1 billion in locked value. Avalanche posted the fastest recent expansion, with assets doubling to roughly $900 million within a single week in July. Solana holds more than $550 million. Reports say BUIDL primarily allocates to U.S. Treasuries, repurchase agreements, and cash equivalents. The fund targets a net asset value of $1 per share and offers an annualized yield of about 3% to 5%. With more DeFi protocols starting to accept BUIDL as collateral and a liquid asset, its role is broadening from institutional cash management into onchain financial infrastructure. Market watchers view BUIDL's rapid scale-up as a prominent case of traditional finance converging with blockchain, helping propel the global tokenized real-world assets (RWA) market.