BlackRock's tokenized US-dollar institutional liquidity fund.
Live market data
CoinGecko data; may be delayed.
No declared max supply: no FDV is computable, supply follows demand.
100.0% of the achievable supply is already circulating.
$1 0.00% · Feb 11, 2025
Source: CoinGecko, snapshot of Sep 13, 2026. Figures may be delayed.
This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.
BUIDL is BlackRock's tokenized money-market-style fund on Ethereum and other networks, issued through Securitize for qualified investors. Holdings are tokenized shares of a fund holding cash, treasuries, and repos, and the fund pays daily accrued yield via token balance mechanics. It is the clearest evidence of the institutional RWA thesis working: TradFi's largest asset manager running a blockchain-native share class rather than experimenting at the margin.
General research guidance, not analysis specific to this asset. Detail is pending.
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BUIDL is a tokenized share class of a BlackRock-managed fund holding cash, US treasuries, and repos, issued and transferred through Securitize for qualified purchasers. The fund's objective is current income with liquidity and stability; publicly reported figures put it around two point seven billion dollars in assets, a NAV pinned at one dollar, daily accrued yield paid via monthly token balance increases, and a management fee of 0.20 to 0.50 percent. It distributes across Ethereum, Aptos, Arbitrum, Avalanche, and other networks.
Institutional dollar yield in tokenized form
Collateral in permissioned DeFi and OTC arrangements
BUIDL is the yield instrument itself: value accrues to qualified holders as fund income, not to a network token. Its significance for the RWA thesis is structural — the world's largest asset manager runs a blockchain-native share class at billions in scale, which validates tokenization as infrastructure. For public-market observers it is a benchmark: BUIDL's yields track short-term treasury rates, making it the honest reference for what tokenized cash management pays.
Token supply equals fund assets at the one-dollar NAV, growing and shrinking with institutional subscriptions and redemptions — over two point seven billion dollars as of September 2026, per public trackers. There is no emission schedule; supply movements are fund flows, and the holder count is small by design, restricted to qualified purchasers.
There is no token governance and none would make sense: this is a regulated fund governed by its prospectus, managed by BlackRock, with Securitize handling transfer-agent compliance. Transfer restrictions and redemption windows are securities-law features, not protocol parameters.
Access restricted to qualified investors, so market pricing is thin
Redemption windows and transfer restrictions differ from liquid tokens
Regulatory posture of tokenized securities remains jurisdiction-dependent
No. It is offered to qualified purchasers through Securitize's platform, with minimum investments and transfer restrictions. Public market data about its size and yield is available through trackers, but the token itself is not a retail instrument — which is precisely what distinguishes institutional RWA products from public crypto tokens.
The fund accrues income daily from its treasury and repo holdings and distributes it monthly by increasing each holder's token balance, keeping the price per token at one dollar. The reported annualized yield moves with short-term US rates — recently around three to five percent — which is why it functions as an on-chain cash-management benchmark.
Last verified:
RWA.xyz · app.rwa.xyz
Fund objective, ~$2.73B total value, $1.00 NAV, management fee range, Securitize platform, qualified-purchaser eligibility, and multi-network distribution as of September 2026.
Accessed
Pending linkage to a concrete organization on the map.
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