BlackRock BUIDL AUM Hits $2.93B, Expanding to Solana and Other Chains

BlackRock's BUIDL fund reaches $2.93B AUM across Ethereum, Avalanche, and Solana. Securitize handles issuance while BNY Mellon provides custody for the tokenized treasury product.

Woofun AI data shows that BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has reached approximately $29.3 billion in on-chain assets under management, marking a new all-time high. The fund is deployed on Ethereum, Avalanche, and Solana, with Securitize managing tokenization issuance and BNY Mellon providing custody services.

Ethereum remains the largest network with over $10 billion locked, while Avalanche saw its AUM double to roughly $9 billion in July. Solana's on-chain AUM has exceeded $5.5 billion. BUIDL invests in US Treasuries and cash equivalents, maintaining a $1 net asset value per share and offering an annualized yield of 3%-5%.