Update March 26, 2:36 pm UTC: This article has been updated to include quotes from Brickken CEO Edwin Mata.
BlackRock’s Ethereum-native tokenized money market fund has more than tripled in value over the past three weeks, nearing the $2 billion mark amid rising demand for safe-haven digital assets.
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) saw an over three-fold increase over the past three weeks, from $615 million to $1.87 billion, according to Token Terminal data shared by Leon Waidmann, head of research at Onchain Foundation, a Web3 intelligence platform.
BlackRock BUIDL capital deployed by chain. Source: Token Terminal, Leon Waidmann
“BUIDL fund TVL exploded from $615M → $1.87B in just 3 weeks. The tokenization wave is hitting faster than most realize,” the researcher wrote in a March 26 X post.
BlackRock’s BUIDL fund is part of the wider <a