BlackRock's BUIDL Reclaims Top Tokenized Treasury Spot at $2.8B
BlackRock's BUIDL fund has expanded to $2.8 billion in assets, surpassing competitors to regain the lead in tokenized US Treasuries.
BlackRock's tokenized fund, BUIDL, has climbed back to approximately $2.8 billion in assets under management, reclaiming its status as the largest tokenized U.S. Treasury vehicle globally. The milestone comes after the product briefly surrendered the top position to Circle's USYC earlier in the year.
The leadership shift illustrates vigorous competition in the real-world asset (RWA) tokenization sector. Institutional demand for yield-bearing on-chain collateral has accelerated, prompting financial giants and crypto-native firms to vie for market dominance.
Continued growth in tokenized Treasury funds reflects strong institutional appetite for cash-equivalent yields on blockchain networks, providing foundational liquidity and collateral for decentralized financial protocols.
Key takeaways
- BlackRock's BUIDL fund reached $2.8 billion in assets under management.
- The fund overtook Circle's USYC to become the largest tokenized Treasury product.
- Tokenized real-world assets continue to experience robust institutional inflow.