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Finbold 2025-01-02 16:55:15

BlackRock’s crypto fund BUIDL has paid over $17 million in dividends since launch

The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has distributed $17.2 million in dividends since launch in March 2024. This marks a significant milestone for BlackRock (NYSE: BLK ) and Securitize in the tokenization industry, paving the way forward. Notably, BUIDL is currently available on six leading blockchains and is a tokenized financial product focused on institutional players. In particular, these high-grade investors can get exposure to BUIDL on Ethereum ( ETH ), Aptos ( APT ), Arbitrum ( ARB ), Avalanche ( AVAX ), Optimism ( OP ), or Polygon ( POL ). The fund currently has $648.55 million in Total Asset Value, with Ethereum dominating by 74%, with $479.20 million. Avalanche comes in second and Aptos in third, featuring market caps of $57.10 million and $52.60 million, respectively. In closing, Polygon and Optimism have the smallest share with $32.30 million and $26.20 million. BUIDL’s Net Asset Value (NAV) is $1 per share, distributed among 46 holders, benefiting from a 4.5% APY. Launched by Securitize, the fund is only accessible to “U.S. Qualified Purchasers.” BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Source: Securitize BlackRock’s BUIDL role in the tokenization finance Being the largest traditional finance (TradFi) assets manager, with over $10 trillion in assets under management (AUM), BlackRock plays a key role in the tokenization finance, exposing the decentralized finance (DeFi) to the world. Everything started in early 2024, when Larry Fink , CEO at BlackRock Inc., said he saw value in an Ethereum ETF , opening doors for assets’ tokenization. Then, the finance giant partnered with Securitize in March to launch BUIDL , sending bullish waves to the market. The fund later expanded to other blockchains than Ethereum, increasing its reach and the value of other cryptocurrencies and ecosystems. Following BlackRock’s leadership, other TradiFi players or even Bitcoin ( BTC ) maximalists who were previously resistant to Ethereum and other blockchains now acknowledge they were wrong, looking at tokenization with brighter eyes. Recently, Michael Saylor talked about that shift in an interview to Altcoins Daily , forecasting a “crypto renaissance,” as Finbold reported. “The big major change is you can see $500 trillion of conventional assets getting tokenized to become digital assets,” said Saylor. Now, enthusiasts expect more cryptocurrency ETFs to appear in 2025 and more real-world assets ( RWA ) tokenized under a friendlier regulatory landscape. Featured image from Shutterstock The post BlackRock’s crypto fund BUIDL has paid over $17 million in dividends since launch appeared first on Finbold .

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