BlackRock's BUIDL has achieved a significant milestone by surpassing $900 million in assets on the Avalanche network. This remarkable growth symbolizes a rising trend in tokenized Treasury asset adoption, with nearly one-third of the fund's total value tied up in Avalanche.
According to data from RWA.xyz, the entire fund is valued at approximately $2.87 billion across multiple supported chains, with Avalanche taking a noteworthy second place at $902.7 million. Ethereum leads the pack with a valuation of $1.02 billion, followed by Solana, which has $616 million allocated.
In just one week, BlackRock BUIDL's holdings on Avalanche skyrocketed by more than $436 million, marking a staggering increase of about 105%. Launched in March 2024, the BUIDL fund employs the Securitize platform for tokenization and primarily invests in U.S. Treasury bills, cash, and repos. The fund aims to provide liquidity while preserving capital for its investors.
Investors in this fund are entitled to tokenized shares if they meet specific eligibility requirements, and the fund distributes daily accrued dividends to these approved participants. However, transactions maintain strict controls, ensuring access is limited to eligible investors only.
The surge in Avalanche assets reflects a broader industry movement towards tokenizing U.S. Treasuries, which have become a cornerstone in the real-world asset market. Institutions leverage these tokenized Treasuries for cash management, settlement, and on-chain liquidity purposes, driving significant interest in DeFi.
In another development, BlackRock BUIDL has ventured into DeFi on Avalanche. In May 2025, sBUIDL, a token representing a one-to-one collateral of BUIDL, became available as collateral on Euler. This allows for borrowing USDC or AUSD using sBUIDL as collateral, effectively integrating treasury-backed assets into controlled DeFi lending platforms.
Despite its substantial asset value, BlackRock BUIDL's holder base remains limited, with RWA.xyz reporting only 113 holders. This indicates that the recent growth on Avalanche may stem from a few large-scale allocations rather than widespread participation. It's crucial to note that a single approved investor can significantly impact the overall asset growth.
While the identity of the investors fueling this weekly growth remains somewhat opaque, the overall market for tokenized real-world assets has shown promising expansion. By April 2026, the value of tokenized assets reached $29 billion, with tokenized U.S. Treasuries rising from around $380 million in 2023 to an impressive $13.4 billion.
This material is for informational purposes only and does not constitute financial advice.
