BlackRock’s BUIDL Fund Surpasses $900 Million in AUM on Avalanche Network

BlackRock’s tokenized money market fund BUIDL has crossed the $900 million mark in assets under management (AUM) on the Avalanche network, according to data from RWA.xyz.

The fund recorded a sharp increase of roughly $436 million in assets on Avalanche over the past week, marking a 105% jump as investor interest in tokenized real-world assets continues to accelerate.

Launched in March 2024, BUIDL has quickly emerged as one of the largest blockchain-based tokenized U.S. Treasury funds. Its total assets under management have now grown to approximately $2.87 billion, highlighting the rising adoption of on-chain financial products.

Source: RWA.xyz