Odaily Planet Daily News: BlackRock's tokenized money market fund BUIDL (USD Institutional Digital Liquidity Fund), the world's largest asset management company, has invested approximately $2.7 billion in the Ethereum ecosystem, accounting for 92% of its total assets.
It is reported that the fund was launched in March 2024, and its asset size has rapidly grown from the initial $667 million to the current $2.7 billion. BUIDL is a tokenized money market fund that provides institutional investors with investment opportunities in liquid assets such as U.S. Treasuries and repurchase agreements. Each BUIDL token is anchored to the U.S. dollar at a 1:1 ratio. In addition to Ethereum, BlackRock has also expanded BUIDL to seven blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism and Polygon to achieve better efficiency and scalability. (Tokocrypto News)