BlackRock BUIDL Fund distributed over $10 million in May, setting a new monthly historical record

ChainCatcher news, according to Bitcoin.com, BlackRock's tokenized money market fund BUIDL announced a distribution of over $10 million in May, setting a new monthly historical record. Since its launch, the fund has distributed a total of $43.4 million, with current assets under management of $2.91 billion. BUIDL was launched in collaboration between BlackRock and Securitize, investing in U.S. Treasury bonds, cash, and repurchase agreements, issuing tokens across 7 blockchains including Ethereum and Solana. In the May distribution, Ethereum network tokens accounted for 93.7% (approximately $9.37 million), while the remaining chains accounted for 6.3%.