The largest player in the market of tokenized funds is the company BlackRock. Its money market fund BUIDL, with assets under management estimated at approximately $2.4 billion, has become the absolute leader in this new asset class.
Its rapid growth since its launch in March 2024 demonstrates the increasing interest of institutional investors in using blockchain to access traditional financial products, such as U.S. Treasury securities. The success of BUIDL significantly outpaces the offerings of other issuers, confirming the authority of BlackRock and setting a new standard for the entire industry #Google Cloud Unveils L1 chain GCUL #BTC .
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The largest player in the market of tokenized funds is the company BlackRock. Its money market fund BUIDL, with assets under management estimated at approximately $2.4 billion, has become the absolute leader in this new asset class.
Its rapid growth since its launch in March 2024 demonstrates the increasing interest of institutional investors in using blockchain to access traditional financial products, such as U.S. Treasury securities. The success of BUIDL significantly outpaces the offerings of other issuers, confirming the authority of BlackRock and setting a new standard for the entire industry #Google Cloud Unveils L1 chain GCUL #BTC .