BlackRock BUIDL is a tokenised money market fund issued by BlackRock on public blockchains that invests in cash, US Treasury bills, and repurchase agreements.
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- BUIDL, the BlackRock USD Institutional Digital Liquidity Fund, launched in 2024 in partnership with Securitize. Each token represents a share in a fund holding short-term US government securities, with yield distributed to holders.
- It is one of the larger examples of an asset manager bringing a regulated fund on chain, and it is cited as an instance of institutional adoption of tokenised real-world assets.