BlackRock, one of the world's largest asset managers with over $9 trillion in assets under management (AUM), has made a significant move into the digital asset space by launching its first tokenized $100M fund on the Ethereum blockchain. This fund, which focuses on money-market shares recorded on the Ethereum blockchain, has attracted more than $160 million in deposits since its debut a week ago. The fund, known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has quickly become a major player in the blockchain-based tokenized U.S. Treasury market, amassing $240 million since its debut and positioning itself just behind Franklin Templeton's FOBXX in terms of market share. Ondo Finance has played a pivotal role in BUIDL's rapid growth, reallocating $95 million of its OUSG token's assets into BUIDL, making it the largest holder with 38% of the total supply and fully backing OUSG with BUIDL. This move is part of a broader trend of increasing institutional adoption of real-world assets (RWAs) on blockchain, signaling a significant shift in traditional finance towards digital asset integration.
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TOKENIZED U.S. TREASURIES MARKET SURGES TO $1 BILLION The market value has surged nearly tenfold since January last year, with an 18% increase since BlackRock announced its Ethereum-based tokenized fund, BUIDL, on March 20. BUIDL is now the second-largest fund in this… https://t.co/e7yAcgvhfb
Tokenized US Treasuries on public blockchains surpass $1 billion in AUM 👀 Franklin Templeton’s BENJI leads with $360 million, while BlackRock’s new “BUIDL” tokenized fund has grown from $40 million to $245 million in just a week. #FranklinTempleton #JeromePowell #BlackRock…
Tokenized US Treasuries on public blockchains surpass $1 billion in AUM 👀
Tokenized US Treasuries on public blockchains surpass $1 billion in AUM https://t.co/zHZefi1fbQ
The market demands an $ETH ETF, & @DavidDTawil has launched a defacto #ETHETF, (to be the "MicroStrategy of #Ethereum", by being a Canadian company trading on U.S. stock exchanges) 🦾🌱🐇 This doesn't mean anything for those who buy spot, but suits get now get some action 👀💫 https://t.co/43by9vbGnw
A preview of demand for ETH ETFs New BlackRock tokenized fund garners $160M in deposits in one week, adds $95M more https://t.co/23fQPt0iOQ
Over $1B in US Treasurys have now been tokenized on-chain https://t.co/vUkxYnEjwM via @cointelegraph
JUST IN: MORE THAN $1 BILLION IN US TREASURY NOTES HAVE NOW BEEN TOKENIZED
Over $1 billion worth of United States Treasury notes have been tokenized through public blockchain, according to data tracked by @tomwanhh. reports @godbole17. https://t.co/uE8MDw8Apr
💵Investors have piled a quarter of a billion dollars into the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) after just one week. The market cap of on-chain U.S. treasuries funds tagged new all-time highs amid BUIDL's success 👀 Read More: https://t.co/tFW0XKOtsv https://t.co/uDQpFOj6kg
📣 Latest News: Over $1B in US Treasurys have now been tokenized on-chain #news #cryptonews #crypto
$BLK BlackRock Rolls Out Its First Active Equity ETFs In Europe - FT https://t.co/bBrctjI5GP
.@OndoFinance has introduced instant, 24/7/365 subscriptions and redemptions; shifting OUSG funds into @BlackRock’s BUIDL. https://t.co/zk629AYNiz https://t.co/fGfLmykoAQ
The same @BlackRock that just unveiled its first tokenized fund on a public blockchain. 👀 https://t.co/raSgO13Mro
What are Real World Assets #RWA A 🧵 According to a report by Boston Consulting Group, the on-chain RWA market is projected to reach US$4 trillion to US$16 trillion by 2030. Real-world assets (RWAs) utilise #blockchain to track assets, with performance derived from sources… https://t.co/MUOBfm4uiP
Whoa whoa whoa Not only is blackrock tokenizing treasuries… but they’re actively scaling it up this quickly?? Another daily flow we should be tracking? https://t.co/UgVVSSwpd1
As BlackRock's BUIDL fund blooms, one firm says “tokenization of traditional securities on public blockchains represents the next major step in the evolution of financial markets.” https://t.co/UIYDkPJRc7
BlackRock's BUIDL Ethereum Fund Draws $245 Million In a Week ► https://t.co/7X1N3QZXQI https://t.co/7X1N3QZXQI
BlackRock's tokenized MMF gathers more than $240 million in less than a week. Biggest contributor: approx $100million coming from @OndoFinance, a leading yield-bearing short-duration tokenized fund project. This will be a prime example of traditional finance leveraging the… https://t.co/SW0kbKd1wl
Ondo Finance has allocated $95M of OUSG’s assets into @BlackRock’s BUIDL, as the tokenized fund draws $240M since its debut. https://t.co/hFrtDq0Auf
Just happened, $1B Total Tokenized US Treasuries on Public Blockchains Blackrock's BUIDL increase by 400% from 40M to 240M supply in a week @OndoFinance is now the largest holder of BUIDL, holding 38% of the total supply. Now Ondo's OUSG is fully backed by BUIDL https://t.co/DDRgpmlalN https://t.co/RCl8WIq97A
News gets outdated very soon in this industry “BlackRock's Tokenized Fund Quickly Rakes in $245M” https://t.co/p1u0CNMjaZ https://t.co/u4b4H2qqEt
BlackRock's BUIDL Fund Quickly Rakes in $245M, Right Behind Franklin Templeton's FOBXX https://t.co/xOI7yBwrEj
.@BlackRock's first tokenized asset fund is off to a strong start, garnering a significant market share of the blockchain-based tokenized U.S. Treasury market just a week following its debut. @sndr_krisztian reports https://t.co/038kvanFXB
Congratulations to @Eaglebrook Advisors on the Franklin Templeton @FTI_US Digital Asset Dynamic BTC/ETH SMA strategy launch. We are proud to provide safe access to crypto for RIAs as its custodian. Via @strack_ben in @Blockworks_ ⬇️: https://t.co/DWHf4fljrC
New BlackRock tokenized fund garners $160 million in deposits https://t.co/3JAiBL5Zyg
Smart money is shifting to #RWA, following the path of success seen with ETFs. If you missed out on AI, this thread is your guide to what's next. Prepare for the future beyond AI with these 5 must-know altcoins in the RWA space. 🧵 https://t.co/LrFsE9eyTf
#RWA platform @OndoFinance plans to move $95 million of assets to BlackRock's tokenized fund to back its $OUSG token, aiming to boost redemption time, CEO @nathanlallman told CoinDesk. by @sndr_krisztian https://t.co/DlrTxBpFf3
Onchain and off-chain liquidity must be unified to make RWAs usable. Offering 24/7/365 subscriptions and redemptions for OUSG is the first major step toward achieving this. With Ondo Global Markets, we'll be tackling this issue for other publicly traded securities. https://t.co/IU2MvV7gLx
📢 OUSG will soon offer 24/7/365 subscriptions and redemptions via USDC and transition its backing predominantly into the newly launched @BlackRock USD Institutional Digital Liquidity Fund (BUIDL). https://t.co/qXmC3Y3adm
Dynamic BTC/ETH SMA strategy launch. We are proud to provide safe access to crypto for RIAs as its custodian. Via @strack_ben in @Blockworks_ ⬇️: https://t.co/DWHf4fljrC
ONDO: Introducing Instant, 24/7/365 Subscriptions and Redemptions; Shifting OUSG Funds into BlackRock’s BUIDL https://t.co/elGTDj0hq2
BlackRock’s money-market fund that records share ownership on the Ethereum blockchain has attracted more than $160 million since its debut a week ago https://t.co/ufy8Q8ijWx
“As part of its efforts to further expand its foray into digital assets, BlackRock, Inc. BLK has filed with the Securities and Exchange Commission (“SEC”) to offer a tokenized private equity fund — BlackRock USD Institutional Digital Liquidity Fund Ltd. — in partnership with… https://t.co/Bo8NmaZ50b
Blackrock Launches Its First Tokenized Fund on Ethereum - Fintech Schweiz Digital Finance News - FintechNewsCH https://t.co/9K21y5uqwq https://t.co/FxNiKgQu8U
Over the past couple of months, tokens in the AI, DeFi, Memecoin, and most recently, RWA categories have each made an impact with positive price action 📈 Which narrative do you think will ride the next wave? 🌊 https://t.co/akngt1UJO3
🚀 The institutional adoption of #RWAs is accelerating! HSBC has just hit the headlines as the first bank to create a RWA for retail. This groundbreaking move signals a major shift in #TradFi, paving the way for RWA mainstream adoption. https://t.co/CueQAfGMmM $CPOOL
Congratulations to @Eaglebrook Advisors on the launch of the Franklin Templeton @FTI_US Digital Asset Dynamic BTC/ETH SMA strategy. As the only federally chartered digital asset bank, we are proud to have been selected as its custodian and are committed to providing safe access…
BlackRock’s tokenized Ethereum fund will encourage “more traditional institutional customers to adopt on-chain funds.” @AB_insights analysts say. https://t.co/BpTUk93l8e
BlackRock's Ethereum Tokenized Fund ‘Brings Legitimacy’: Bernstein ► https://t.co/WbhQUbyqP5 https://t.co/WbhQUbyqP5
BlackRock is fully on-chain (on ETH) launching tokenization of everything fund. #RWA You’re still bearish ETH? Send it Higher w haste 🚀
Four ways BlackRock’s tokenised fund on Ethereum will revolutionise markets https://t.co/t7oTdMTKV4
BlackRock's first tokenized fund is a bigger deal than people think 🧠 Here's why 👇 1/6 https://t.co/HBsfBMBpfg
#RWA got huge attention recently. This narrative is not arbitrary and will involve market giants in the next few months. Making $1M with this narrative? Easier than you think. List of 8 #RWA projects below $100m MC to load in now.🧵⬇️ https://t.co/OinLBKyTda
TRADFI IS COMING FOR #RWA! For instance, @Blackrock, one of the world's largest asset managers with +$9 TRILLION in AUM, recently launched a $100M fund on #Ethereum! 🤯 With #RWA in their crosshairs for +1 year, it's safe to say that MORE institutional adoption is coming. 🚀 https://t.co/1FziKmV77V