BlackRock’s Giant Fund Hits Record in Altcoin: Doubled in One Week

BlackRock’s tokenized treasury fund, BUIDL, has doubled its assets under management on the Avalanche network in one week, crossing the $900 million mark.

Moves by traditional finance giants in the cryptocurrency world are yielding more tangible results every day. Launched in March 2024 by the world’s largest asset manager, BlackRock, the tokenized money market fund BUIDL has managed to capture all eyes with its recent growth momentum. Rapidly increasing its assets specifically on the Avalanche (AVAX) network, the fund has become one of the most important representatives of institutional trust in the digital asset ecosystem.

BUIDL Fund Grew 105 Percent in One Week

According to current data, the total asset value of the BUIDL fund on the Avalanche network has reached $902.7 million. Receiving an inflow of approximately $436 million in just the last week, the fund broke a record by recording a growth rate of 105 percent. With this increase, the fund’s total size across all networks rose to $2.87 billion. These figures position the BUIDL fund as one of the largest on-chain tokenized U.S. Treasury bond funds globally.

When examining the distribution among blockchain networks, Ethereum (ETH) continues to hold the largest share of the fund with $1.02 billion. Following the Avalanche network, Solana (SOL) stands at $616.5 million, while BNB Chain (BNB) is at $245.6 million. Additionally, millions of dollars in tokenized assets are managed on the Optimism (OP), Arbitrum (ARB), Aptos (APT), and Polygon (POL) networks. This institutional investor interest sends a strong signal about the future of real-world assets on the blockchain.