BlackRock's BUIDL Fund Passes $900M on Avalanche Deployment
RWA & Tokenization ·
The tokenized Treasury fund's Avalanche holdings jumped 105% in a single week, part of a broader run toward $2.87 billion in overall assets.
Data from RWA xyz shows that BlackRock's tokenized money market vehicle, BUIDL, now holds more than $900 million on the Avalanche network, an increase of roughly $436 million over the prior seven days, a gain of about 105 percent, as reported by wublockchain.xyz. Across all supported chains, the fund's total asset value stands near $2.87 billion, with a reported figure of $2,868,917,406 and a stable net asset value of $1.00 per unit.
The fund, formally named the BlackRock USD Institutional Digital Liquidity Fund Ltd. and domiciled in the British Virgin Islands, is administered on the Securitize platform. It launched on March 20, 2024, and is built to generate current income while preserving liquidity and principal stability, mirroring the structure of a conventional money market instrument but issued on-chain.
On Avalanche specifically, the token supply tied to BUIDL totals 902,710,370.93 units, aligning with the reported AUM figure for that network. The fund currently counts 113 holders overall, a seven-day annualized yield of 3.40 percent, and a management fee ranging from 0.20 to 0.50 percent, terms consistent across its multi-chain footprint.
The rapid Avalanche-side growth places BUIDL among the largest tokenized U.S. Treasury products operating on public blockchains, according to the same wublockchain.xyz reporting, which was also relayed through a post on X. The scale of the one-week doubling suggests concentrated new capital allocation into the Avalanche deployment specifically, rather than gradual accumulation.
Not yet detailed in available reporting is what is driving the specific inflow into the Avalanche instance of BUIDL, whether from new institutional holders or reallocation from other chains where the fund operates. Also unclear is whether the pace of growth seen over the past week will continue or represents a short-term surge tied to a particular transaction or investor.