BlackRock BUIDL Fund Distributes Over $10 Million in Dividends for May, Setting a New Monthly Record

According to https://t.co/LudiZZ7AB6, BlackRock's tokenized money market fund BUIDL announced that it distributed over $10 million in dividends for May, setting a new monthly record. Since its launch, the fund has accumulated dividends of $43.4 million, and currently manages $2.91 billion, maintaining its position as the world's largest tokenized money market fund.

BUIDL was launched by BlackRock in collaboration with Securitize. It invests in U.S. Treasury bonds, cash, and repurchase agreements, and issues tokens on 7 blockchains including Ethereum and Solana.

In the May distribution, Ethereum network accounted for 93.7% (approximately $9.37 million), with the remaining chains collectively accounting for 6.3%. The fund is open only to qualified investors, with an individual minimum investment threshold of $5 million and an institutional minimum of $25 million. The assets are held by institutions such as BNY Mellon.