BlackRock ‘BUIDL’ tokenized fund triples in 3 weeks as Bitcoin stalls

Bitcoin’s lack of momentum may drive further interest in safer investments, such as tokenized RWAs, which are approaching the $20 billion record milestone.

Update March 26, 2:36 pm UTC: This article has been updated to include quotes from Brickken CEO Edwin Mata.

BlackRock’s Ethereum-native tokenized money market fund has more than tripled in value over the past three weeks, nearing the $2 billion mark amid rising demand for safe-haven digital assets.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) saw an over three-fold increase over the past three weeks, from $615 million to $1.87 billion, according to Token Terminal data shared by Leon Waidmann, head of research at Onchain Foundation, a Web3 intelligence platform.

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