BlackRock’s BUIDL Tokenized Fund Surpasses $100M in Onchain Payouts

TLDR

• BlackRock’s BUIDL fund has paid $100 million in cumulative dividends since March 2024.
• The fund operates across Ethereum, Solana, Avalanche, and four other blockchains.
• BUIDL surpassed $2.8 billion in assets at its peak in October 2024.
• Tokenized money market funds are growing as alternatives to traditional cash assets.

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BlackRock’s tokenized money market fund, BUIDL, has paid out $100 million in cumulative dividends since launching in March 2024. The fund, issued by Securitize, invests in U.S. Treasury bills and similar assets, distributing yields directly onchain. With over $2.8 billion in assets at its peak and expansion across multiple blockchains, BUIDL demonstrates that blockchain-based financial products can operate efficiently at scale for institutional investors.

BUIDL Achieves $100 Million in Cumulative Dividends

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund, has distributed $100 million in dividends since its March 2024 launch. The announcement came from Securitize, which serves as the fund’s tokenization and issuance partner. The dividends come from income generated by short-term U.S. dollar-denominated assets, including Treasury bills and repurchase agreements.

The BUIDL fund allows institutions to earn income through onchain token holdings. These BUIDL tokens are pegged to the U.S. dollar and provide yield through blockchain-based distribution. This model gives investors access to automated and transparent payments, directly tied to returns on real-world assets.

Cross-Chain Expansion and Institutional Adoption

Initially launched on Ethereum, BUIDL has expanded to six more blockchains. These include Solana, Avalanche, Aptos, and Optimism, enabling wider reach and flexibility for blockchain-native institutions. This cross-chain presence helps support interoperability and lower transaction costs for investors managing large volumes.

Securitize confirmed that BUIDL had over $2.8 billion in assets at its peak in October 2024. The fund’s growth reflects rising demand for digital instruments that combine stable returns with improved settlement speeds. BUIDL is designed for institutions that seek exposure to U.S. Treasury yields through digital channels.

Tokenized Funds Show Real-World Performance

The $100 million payout marks one of the largest recorded by a tokenized fund to date. The dividends are paid directly to investors’ wallets, with full transaction records onchain. This approach reduces administrative steps, increases transparency, and accelerates settlement compared to traditional processes.

According to Securitize, the performance of BUIDL shows that tokenized securities can replicate core financial functions at a larger scale. The use of blockchain enables faster operations while preserving investor protections through programmable features.

Growth of Tokenized RWAs and Market Attention

Tokenized money market funds are becoming one of the fastest-growing categories in the Real-World Asset (RWA) sector. Their appeal lies in combining cash-like stability with operational efficiencies offered by blockchain. As of late 2024, institutional interest in these funds has increased.

A July report by J.P. Morgan strategist Teresa Ho suggested that tokenized funds could compete with stablecoins by offering yield on dollar assets. However, regulatory bodies such as the Bank for International Settlements have warned that these products may introduce new types of operational or liquidity risks as they scale.

Regulatory Focus and Industry Scrutiny

As tokenized funds become more popular, regulatory oversight is increasing. Questions remain about their role in the broader financial system, especially in areas like collateral management and market stability. While BUIDL is backed by regulated financial products, its blockchain structure is still new territory for many institutions.

Securitize continues to manage investor onboarding and regulatory compliance through its platform. The firm states that growing interest in BUIDL reflects broader trust in tokenized solutions backed by traditional finance leaders.

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