BlackRock's BUIDL Hits $900M on Avalanche: BlackRock's Tokenized Treasury Now Sits One-Third on the Avalanche ❄️

BlackRock's USD Institutional Digital Liquidity Fund, known as BUIDL, has passed $900 million in assets on Avalanche, jumping from about $464 million within seven days for a roughly $436 million increase and a 105% weekly gain. Wu Blockchain reported the move on July 12, citing RWA.xyz data. The fund's total asset value stands at about $2.87 billion across supported networks, with the Avalanche position now representing close to one-third of the full fund and trailing only Ethereum among BUIDL's network allocations. The increase came without a change to the token's target value of $1 per share.

BlackRock launched BUIDL in March 2024 through tokenization platform Securitize, with the fund investing mainly in U.S. Treasury bills, cash, and repurchase agreements. Its stated goal is "current income" while maintaining liquidity and stability of principal, and investors receive tokenized fund shares plus daily accrued dividends, subject to eligibility and transfer controls. BUIDL first launched on Ethereum before expanding to Aptos, Arbitrum, Avalanche, Optimism, and Polygon in November 2024, and later reached Solana and BNB Chain. BNY Mellon supports the fund's administration across digital and traditional systems, while RWA.xyz lists a seven-day annualized yield of 3.40% and management fees ranging from 0.20% to 0.50%, figures that can change with short-term interest rates, expenses, and the share class used by each investor.

Current RWA.xyz Avalanche data shows about $2.10 billion in distributed real-world asset value on the network, up more than 58% over 30 days, putting the Avalanche share of BUIDL at roughly 43% of the network's distributed asset value. Avalanche also hosts tokenized products from Franklin Templeton and other asset managers. Crypto.news reported that sBUIDL, a token backed one-to-one by BUID