BlackRock's BUIDL fund has invested $2.7 billion in the Ethereum ecosystem

ChainCatcher news, according to Tokocrypto News, the tokenized money market fund BUIDL (USD Institutional Digital Liquidity Fund) from the world's largest asset management company BlackRock has reached an investment scale of approximately $2.7 billion in the Ethereum ecosystem, accounting for 92% of its total assets.

The fund was launched in March 2024, and its asset size has rapidly grown from an initial $667 million to the current $2.7 billion. BUIDL is a tokenized money market fund that provides institutional investors with investment opportunities in liquid assets such as U.S. Treasury bonds and repurchase agreements, with each BUIDL token pegged 1:1 to the U.S. dollar.

In addition to Ethereum, BlackRock has also expanded BUIDL to seven blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon to achieve better efficiency and scalability.