BlackRock ‘BUIDL’ tokenized fund triples in 3 weeks as Bitcoin stalls

Quick Summary:

The surge in BlackRock’s fund reflects a growing institutional appetite for tokenized RWAs due to more regulatory clarity, according to Edwin Mata, co-founder and CEO of Brickken, a European RWA platform.“The US is witnessing a notable shift toward a more crypto-friendly regulatory environment,” the CEO told Cointelegraph, adding:“The SEC has recently concluded several investigations without enforcement actions, including those involving Immutable, Coinbase and Kraken.

In a recent Fortune report, Securitize chief operating officer Michael Sonnenshein said the fund aims to make offchain assets “unboring.” RWAs reached a new cumulative all-time high of over $17 billion on Feb.3, following Bitcoin’s (BTC) decline below $100,000.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) saw an over three-fold increase over the past three weeks, from $615 million to $1.87 billion, according to Token Terminal data shared by Leon Waidmann, head of research at Onchain Foundation, a Web3 intelligence platform.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United States

Topics: March Bitcoin’s Value Billion Tokenized Assets Tokenization Rwas Fund Blackrock’s Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 14:53:07 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27354532

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