BlackRock’s tokenized BUIDL fund has reached approximately $552.4 million in assets under management as of September 22. The product is distributed through Securitize and remains targeted at qualified institutional investors. BUIDL is not a consumer stablecoin but an institutional fund structure providing onchain access to a portfolio centered on cash and US Treasury-style assets. The fund remains modest compared to traditional money-market funds, but its growth gives BlackRock and Securitize a live test of how tokenized assets can become usable as collateral or settlement assets in broader digital-market infrastructure.
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