BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expanded by about $1 billion between March 26 and June 11, representing roughly half of the $2 billion development of the tokenized US treasuries market in the interval.
In keeping with rwa.xyz data, BUIDL’s dimension is $2.89 billion as of June 11. It’s the largest tokenized cash fund, representing 40% of the $7.34 billion market.
The March 26 benchmark is important as a result of it’s when Ethena Labs stopped including the fund shares to again its USDtb stablecoin. USDtb drove most of BUIDL’s development in 2025, channeling 90% of its reserves into the fund, totaling $1.3 billion.
Consequently, the numerous 35% development in less than three months with out Ethena’s increase suggests persevering with demand for regulated, high-yield money devices on public blockchains.
Accelerated development of tokenized treasuries
Moreover, the fund has grown by practically 3 times because it reached $1 billion on March 13, attaining this milestone in simply over a yr.
Nevertheless, it took less than 90 days to triple the quantity, suggesting a spike in curiosity in real-world asset (RWA) tokenization, particularly tokenized US treasuries.
In keeping with rwa.xyz’s overview, the RWA market grew by practically $5 billion between March 13 and June 11. The tokenized US treasuries market represented virtually half of the worldwide RWA market development.
As shared on June 12 by ETF Retailer CEO Nate Geraci, BlackRock not too long ago printed its effort to bridge the standard capital markets “with the growing digital property ecosystem,” at present specializing in tokenized funds.
Dividend streak reaches a 3rd month-to-month file
Alongside asset development, BUIDL’s revenue distributions continued to set new highs. The fund paid $4.17 million in March, pushing cumulative payouts above $25 million.
April dividends rose to about $7.9 million, lifting lifetime funds previous $33 million, in accordance with issuer posts.
Might distributions exceeded $10 million, bringing complete dividends to extra than $43 million since inception. This represented the third consecutive month-to-month file.
