Blackrocks Buidl Fund exceeds $ 500 million

• The tokenized US trasury fund Buidl from Blackrock exceeded a market value of $ 500 million.
• The overall market for tokenized US state bonds has risen to $ 1.8 billion, which indicates growth in the RWA area.

The tokenized Fund of Blackrock, the Blackrock USD institutionally digital liquidity find, experienced significant growth within the first four months after its introduction, since its market value exceeded $ 500 million and thus made it the first tokenized US state bond product that achieved such a milestone.

This development is due to the growth of tokenized funds on a broad front, since the overall market for tokenized US state bonds is $ 1.8 billion. With a value of $ 500 million, Blackrock controls 27 % of this market, and a large part of this dominance goes back to other protocols such as Ondo who use Buidl to support their earnings.

rwa continues to grow

According to the data provider RWA.XYZ, the on-chain market for government bonds has doubled to $ 1.8 billion this year, since institutional investors are looking for US state bonds as low-risk investments.

The most popular RWA assets value remains the tokenized private loan with a total of $ 12 billion of loans that come from all protocols, with the lion's share of protocols such as figure ($ 8.3 billion), Maple ($ 1.9 billion) and TrueFi ($ 1.7 billion).

Most of the RWA market is still in the Ethereum network.

Blackrock is in good company

Blackrock is not the only company with a tokenized fund. Franklin Templeton, a asset manager based in the USA, offers a tokenized US state bond fund with a market value of around $ 400 million. Hashnote also operates a fund with a market value of $ 118.86 million. Further protocols are ondo, Maple, TrueFi, Superstate and Open Eden, all of whom have recorded significant growth this year.