BlackRock Tokenized Fund BUIDL Receives $160M in Debut Week

Ondo Finance's announcement to invest in BUIDL added $95 million, boosting its total balance to $244.8 million shortly after launch.

In its debut week, BlackRock’s tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), received a notable $160 million in inflows, according to Bloomberg.

The success of BUIDL was underscored by Ondo Finance, a tokenized real-world asset platform, which announced plans to invest a significant portion of its assets from the OUSG ETF into BUIDL. This move injected an additional $95 million into BUIDL, bringing its total balance to $244.8 million within days of launch.

BUIDL, powered by the Ethereum blockchain through Securitize, focuses on stable investments like U.S. Treasury bills and cash, offering investors a stable value of $1 per token and dividends in U.S. dollar yield tokens.

BlackRock’s foray into digital assets continues to gain traction, following its successful launch of the iShares Bitcoin Trust (IBIT) in January, which has attracted over $15 billion in investments, solidifying its position in the digital asset market.

Also Read: BlackRock IBIT Hits $14.7B Milestone in Bitcoin ETF

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