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BlackRock's BUIDL Fund is gaining significant traction in the realm of tokenized finance. The fund has paid out $2.1 million in August, bringing total dividends to over $9.3 million since March. Companies like Securitize have added institutional-ready capabilities, including broker-dealers and transfer agents, which have bolstered BlackRock's conviction in the fund. Injective has introduced the first-ever tokenized index for the BUIDL Fund, allowing users to access the fund with the lowest fees and fastest speeds in crypto. Despite its growing popularity, the fund remains concentrated, with only 18 tokenholders and the largest holder owning almost $178 million, more than 33% of the entire fund.
Today, Injective launched the first ever BUIDL Index which tracks the size of BlackRock's $BUIDL Fund. The BUIDL Index brings the world’s first perpetual market for BlackRock’s BUIDL Fund, allowing anyone to gain 24/7 exposure to tokenized assets such as U.S. treasuries with…
The @Blackrock BUIDL Fund draws attention but is ultimately a concentrated, institutional product. Per our data, only 18 tokenholders own $BUIDL with the largest holder owning almost $178 million, more than 33% of the entire fund. https://t.co/aoLK6boIQe https://t.co/co1id6ALyP
#WhatstheFund? It's the BlackRock Flexible Income ETF (NYSE Arca: $BINC). Rick Rieder, Chief Investment Officer of Global Fixed Income at @BlackRock, tells us about this fund and its strategy. https://t.co/uQne0YbjWU