Kripto Para

BlackRock’s BUIDL Fund Attracts $240 Million in First Week, Ondo Finance Commits $95 Million

BlackRock’s BUIDL fund, the first tokenized fund on a public blockchain, is off to a strong start, attracting $240 million in its first week of operation.

Tokenized real-world asset company Ondo Finance announced a significant commitment to BUIDL, pledging to move $95 million of its assets to the fund. This represents the entirety of Ondo Finance’s OUSG token’s total value locked (TVL).

The OUSG token provides exposure to short-term US Treasuries. Ondo Finance views this move as validation of their concept for a tokenized US Treasury fund and a major step forward for financial markets.

Ondo’s reliance on BUIDL aligns with their broader strategy of offering instant, 24/7 settlement and redemptions.

BUIDL Attracts $240 Million

BlackRock’s BUIDL fund has garnered significant interest, attracting $240 million in its first week. Real-time data suggests the fund holds over $100 million, primarily in USDC. Interestingly, a small portion of the balance appears to be from crypto donations.

Launched on March 19th, BUIDL offers qualified investors the ability to earn US dollar yields through a BUIDL token subscription. The fund invests solely in cash, US Treasury bills, and repurchase agreements.

Looking Ahead

BlackRock’s BUIDL fund is a landmark development in the financial industry, marking the first instance of a tokenized fund on a public blockchain. With significant initial investment and a unique structure, BUIDL’s future performance will be closely watched.


Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on TelegramYouTube and Twitter for the latest news and updates.

Bir yanıt yazın

Başa dön tuşu