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 within the interval.
In response to rwa.xyz knowledge, 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 critical 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 lower 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 thrice because it reached $1 billion on March 13, attaining this milestone in simply over a 12 months.
Nonetheless, it took lower than 90 days to triple the quantity, suggesting a spike in curiosity in real-world asset (RWA) tokenization, particularly tokenized US treasuries.
In response to rwa.xyz’s overview, the RWA market grew by practically $5 billion between March 13 and June 11. The tokenized US treasuries market represented nearly half of the worldwide RWA market development.
As shared on June 12 by ETF Retailer CEO Nate Geraci, BlackRock lately revealed its effort to bridge the normal capital markets “with the growing digital property ecosystem,” presently specializing in tokenized funds.
Dividend streak reaches a 3rd month-to-month file
Alongside asset development, BUIDL’s earnings 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, based on issuer posts.
Might distributions exceeded $10 million, bringing complete dividends to greater than $43 million since inception. This represented the third consecutive month-to-month file.
