BlackRock’s debut tokenized asset fund, BUIDL, gains traction in the blockchain-based U.S. Treasury market, amassing $245 million in deposits within a week. The fund ranks second, behind Franklin Templeton’s FOBXX. This marks BlackRock’s entry into the RWA trend, joining major players like HSBC and JPMorgan in leveraging blockchain for traditional finance. The tokenized Treasury market has surged nine-fold to $1 billion, offering stable yields within the blockchain ecosystem.
BlackRock’s Tokenized Fund Quickly Rakes in $245M, Right Behind Franklin Templeton’s Older Offering
