BlackRock launches tokenized fund

BlackRock has launched its first tokenized fund, the USD Institutional Digital Liquidity Fund (BUIDL), on the Ethereum blockchain.

The fund allows qualified investors to earn U.S. dollar yields by subscribing through Securitize Markets, LLC, with ownership recorded and transferred on-chain.

BUIDL maintains a stable value of $1 per token and distributes daily accrued dividends directly to investors’ wallets monthly.

The fund invests entirely in cash, U.S. Treasury bills, and repurchase agreements, offering yield while enabling 24/7 token transfers among approved investors.

BlackRock appointed Securitize as the fund’s transfer agent and tokenization platform, while BNY Mellon serves as custodian and administrator.

Initial ecosystem partners include Anchorage Digital, BitGo, Coinbase, and Fireblocks, supporting custody and infrastructure.

BlackRock also made a strategic investment in Securitize, with Joseph Chalom joining its board of directors.

FAQ

What is BUIDL?

BUIDL is BlackRock’s tokenized fund offering U.S. dollar yields via the Ethereum blockchain.

How are dividends paid?

Dividends are paid monthly as new tokens directly to investors’ wallets.

Who can invest in BUIDL?

Only qualified investors can subscribe through Securitize Markets, LLC.