Blackrock's BUIDL (CRYPTO:BUIDL) fund, managed by Securitize, has reached a significant milestone by surpassing $500 million in assets, with Ondo Finance holding a substantial share. 

This achievement comes amid a broader surge in tokenised U.S. Treasuries, which now total $1.81 billion in value.

The BUIDL tokens facilitate faster settlement times for assets like OUSG, enhancing accessibility and operational efficiency in the tokenised finance market.

As more traditional financial entities embrace blockchain technology, the convergence of traditional and decentralised finance (DeFi) is reshaping global money markets and treasury management practices.