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BlackRock’s BUIDL passes $100M payout milestone

Written by Liezl GambePublished dez. 29 2025Last Updated dez. 29 2025

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BlackRock’s first tokenised money market fund has distributed $100 million in cumulative dividends, marking a major milestone for onchain finance.

The payouts come from Treasury yields generated by the BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL.

The milestone was confirmed on Monday by Securitise, the fund’s issuer and tokenisation partner.

BUIDL was launched in March 2024 as BlackRock’s first live experiment in blockchain-based financial infrastructure.

The fund was initially issued on the Ethereum blockchain before expanding to additional networks.

BUIDL invests in short-term, US dollar–denominated assets including Treasury bills, repurchase agreements and cash equivalents.

Investors gain exposure through BUIDL tokens that are pegged to the US dollar.

Dividend distributions are paid directly onchain to token holders.

The $100 million figure represents lifetime payouts generated from real Treasury yields.

Market participants say the milestone shows tokenised securities can function at institutional scale.

The structure mirrors traditional money market funds while introducing blockchain-native settlement and distribution.

Since launch, BUIDL has expanded to six additional blockchains.

Supported networks now include Solana, Aptos, Avalanche and Optimism.

Securitise oversees investor onboarding and onchain issuance across all supported chains.

The fund has attracted strong institutional interest since its debut.

Earlier this year, the total value of BUIDL surpassed $2 billion.

Observers say the growth highlights rising demand for tokenised real-world assets.

Tokenised money market funds have become one of the fastest-growing RWA categories.

Their appeal lies in delivering money market–style returns with improved operational efficiency.

Traditional financial institutions are increasingly exploring these products.

Some analysts see tokenised funds as a potential counterbalance to stablecoin growth.

In July, J.P. Morgan strategist Teresa Ho commented on the enduring appeal of cash-like assets.

Tokenised money market funds preserve the appeal of cash as an asset.

Teresa Ho said.

She noted regulatory developments could accelerate stablecoin adoption.

Despite momentum, tokenised funds have also drawn regulatory scrutiny.

The Bank for International Settlements has warned about possible operational risks.

The BIS also flagged potential liquidity concerns as tokenised funds grow in importance.

These risks may increase as such products are used as digital collateral.

Even so, industry players view BUIDL as proof of concept for tokenised finance at scale.