Blackrock’s USD Institutional Digital Liquuidity Fund (Buidl) divided $ 4.17 million to dividends in March, which marked the largest monthly payment for a tokenized treasury fund.
By one report The record distribution brings the record distribution of the cumulative dividend payments from Buidl to $ 25.4 million since its founding, which reflects an increasing institutional interest in exposure to chains in traditional financial products.
In addition, secure noted That the record of March is about 2x larger than the previous peak of $ 2.1 million registered in July 2024.
The fund, which consists of a money market strategy of American treasuries and kasequalalents, offers daily dividend benefits from Monday to Friday, so that investors in the vicinity of real -time return structure have directly on the chain.
Tokenized US Treasury funds stand up as a fundamental layer in the chain financing. By offering verifiable, load-bearing support, they offer alternatives to crypto-native stablecoins. The sector is the second largest in tokenization, with almost $ 5 billion in size.
$ 1.9 billion in market capitalization fed by Defi
The Activa of Buidl Onder Beheer (AUM) reached a record high of $ 1.93 billion on March 27, less than a month after exceeding the $ 1 billion threshold.
According to facts Van Rwa.xyz places the rapid growth one of the largest Real -World Asset (RWA) products on public block chains, with only four stablecoins in market capitalization.
An important engine of Buidl’s AUM extension is the synthetic dollar from Ethena Labs, USDTB, which uses the fund for 90% of its support. From the latest figures Shared by Ethena LabsUSDTB has $ 1.29 billion in Buidl exposure, accounting for 67% of the total market value of the fund.
USDTB, designed to maintain price stability through a delta-neutral strategy, grants reserve capital to Puidl to earn yield from exposure to the American treasury. This structure has made Buidl a critical component in the Stablecoin design of Ethena, so that traditional instruments with fixed-income income are directly linked to crypto-native applications.
It is striking that the Makerdao spark will keep a voice on 3 April to decide whether the protocol should follow the plan To invest $ 500 million in Puidl.
This would further increase the market size of the Fund, so that participation in investments by Defi protocols represents 74% of the current figures.
Multi-chain fund, but Ethereum dominates
Buidl has extended its offer to different block chains. After the launch on Ethereum, the fund expanded to arbitrum, polygon, optimism, avalanche, aptos and solana More recently.
This multi-chain implementation is part of the Securitize strategy to make financial products from institutional quality native accessible in decentralized environments, which facilitates integrations with protocols and portfolios on ecosystems.
Nevertheless, $ 1.72 billion in Puidl shares are issued on the blockchain of Ethereum, almost 90% of the fund’s size.
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