BlackRock BUIDL Fund's scale is close to 3 billion USD, having tripled in the past 90 days.
Powered by ChatGPTChainCatcher reports, according to Cryptoslate, BlackRock's USD institutional digital liquidity fund (BUIDL) expanded by approximately 1 billion USD between March 26 and June 11, accounting for about half of the 2 billion USD growth in the tokenized U.S. Treasury market during the same period.
As of now, according to data from rwa.xyz, BUIDL's size has reached 2.89 billion USD, becoming the largest tokenized money market fund, representing 40% of the 7.34 billion USD market. March 26 marks an important milestone when EthenaLabs stopped increasing its fund shares of the stablecoin USDtb. Most of BUIDL's growth in 2025 comes from $USDtb, with 90% of the reserves amounting to 1.30 billion USD injected into the fund. Even without Ethena's push, BUIDL still achieved a significant 35% growth in less than three months, highlighting strong demand for regulated high-yield cash instruments on public blockchains.
Moreover, since the fund size reached 1 billion USD on March 13, it has nearly tripled. However, the fund took less than 90 days to triple its size, indicating a surge in market interest in real-world asset (RWA) tokenization, especially tokenized U.S. Treasuries.