BlackRock's USD Institutional Digital Liquidity Fund, known as BUIDL, has recently surpassed $900 million in assets on the Avalanche blockchain. This remarkable milestone reflects a rapid increase from approximately $464 million just a week prior, showcasing a substantial 105% surge in value.
According to data from RWA.xyz, which was reported by Wu Blockchain on July 12, BUIDL has now achieved its second-largest allocation on Avalanche, following Ethereum. The total value of BUIDL has reached about $2.87 billion, driven by rising demand for tokenized Treasury assets across different blockchain platforms.
The dashboard from RWA.xyz indicates that Avalanche's contribution now accounts for nearly one-third of the overall fund. Notably, despite this growth, the token's target value remains constant at $1 per share, demonstrating stability amidst significant asset fluctuations.
BUIDL was launched in March 2024 via the tokenization platform Securitize, primarily investing in U.S. Treasury bills, cash, and repurchase agreements. Its primary objective is to generate current income while ensuring liquidity and capital preservation. Investors are issued tokenized fund shares and can enjoy daily accrued dividends, contingent on eligibility and transfer conditions.
Initially available on Ethereum, BUIDL has expanded into other ecosystems, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon, before reaching Solana and BNB Chain. The latest developments have offered approved investors more flexibility regarding transfers and on-chain yield across multiple blockchain environments.
BNY Mellon plays an essential role in managing the fund, bridging digital and traditional financial systems. Currently, RWA.xyz records a seven-day annualized yield of 3.40%, accompanied by management fees that range from 0.20% to 0.50%, subject to changes based on short-term interest rates and other factors. The fund's tokens effectively document ownership while the underlying portfolio is managed within its legal framework, maintaining a net asset value of $1.
In the context of overall market expansion, Avalanche's tokenized asset market is also seeing growth, with RWA.xyz reporting a distributed real-world asset value of approximately $2.10 billion, a notable increase of over 58% in the past 30 days. BUIDL's share represents roughly 43% of Avalanche's distributed asset value, underscoring its significant stake.
As BUIDL delves into decentralized finance on Avalanche, the recent news highlights that sBUIDL, a token fully backed by BUIDL, was adopted as collateral on the Euler platform in May 2025, allowing eligible users to borrow USDC or AUSD against it.
This article is for informational purposes only and should not be considered financial advice.
