{"id":33816,"date":"2024-07-09T00:56:33","date_gmt":"2024-07-09T00:56:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-buidl-fund-surpasses-500-million\/"},"modified":"2024-07-09T00:56:33","modified_gmt":"2024-07-09T00:56:33","slug":"blackrocks-buidl-fund-surpasses-500-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-buidl-fund-surpasses-500-million\/","title":{"rendered":"Blackrock&#8217;s BUIDL Fund Surpasses $500 Million"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BlackRock-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BlackRock-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BlackRock-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BlackRock-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Blackrock\u2019s tokenised US TReasury fund, BUIDL, surpassed a market value of $500 million.<\/li>\n<li>The overall market of tokenized US Treasury products has risen to $1.8 billion, signalling growth in the RWA space.<\/li>\n<\/ul>\n<p>Blackrock\u2019s tokenised fund, the BlackRock USD Institutional Digital Liquidity Fund, has seen significant growth within the first four months of its launch as its market value surpassed $500 million, making it the first tokenized US Treasury product to achieve such a milestone.<\/p>\n<p>This development comes on the back of growth in tokenised funds across the board as the overall market for tokenised US Treasuries stands at $1.8 billion. At a $500 million value, Blackrock controls 27% of that market and much of this dominance is on the backs of other protocols, like Ondo, that use BUIDL to back their yield-bearing products.<\/p>\n<h2>RWA keeps growing<\/h2>\n<p>According to data provider, rwa.xyz, the on-chain Treasuries market has doubled in size to $1.8 billion this year as institutional investors seek US Treasuries as low-risk investments.<\/p>\n<p>However, the most popular RWA asset remains tokenised private credit with $12 billion in total loans originated by all protocols, with the lion\u2019s share originating from protocols like Figure ($8.3 billion), Maple ($1.9 billion), and TrueFi ($1.7 billion)<\/p>\n<p>Much of the RWA market still resides on the <a href=\"https:\/\/coinjournal.net\/news\/tag\/ethereum\/\">Ethereum<\/a> network.<\/p>\n<h2>Blackrock is in good company<\/h2>\n<p>Blackrock isn\u2019t the only firm with a tokenised fund. Franklin Templeton, a US-based asset manager, offers a tokenised US Treasury fund with a market value of around $400 million. Hashnote also runs a fund with a $118.86 million market value. Other protocols include Ondo, Maple, TrueFi, Superstate, and Open Eden, all of which have recorded significant growth this year.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/blackrocks-buidl-fund-surpasses-500-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Blackrock\u2019s tokenised US TReasury fund, BUIDL, surpassed a market value of $500 million. The overall market of tokenized US Treasury products has risen to $1.8 billion, signalling growth in the RWA space. Blackrock\u2019s tokenised fund, the BlackRock USD Institutional Digital Liquidity [&hellip;]<\/p>\n","protected":false},"author":3947362368,"featured_media":33817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33816"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362368"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33816"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33817"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}