Blackrock Celebrates $500M in BUIDL Fund; Tokenized Treasuries Exceed $1.8B
Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone.
As of July 9, 2024, the fund reached $502.8 million with 17 holders, including Ondo Finance, which now holds 34.55% of the token supply. This fund allows for instant, 24/7 subscriptions and redemptions, using BUIDL tokens as backing assets for its OUSG token.
This milestone coincides with the value of tokenized U.S. Treasuries reaching $1.81 billion, highlighting the growing momentum in tokenized finance and the shift towards more efficient financial systems.
Clever Robot News Desk 10th July 2024
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