BlackRock, one of the world's largest asset managers with over $9 trillion in assets under management (AUM), has made a significant move into the digital asset space by launching its first tokenized $100M fund on the Ethereum blockchain. This fund, which focuses on money-market shares recorded on the Ethereum blockchain, has attracted more than $160 million in deposits since its debut a week ago. The fund, known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has quickly become a major player in the blockchain-based tokenized U.S. Treasury market, amassing $240 million since its debut and positioning itself just behind Franklin Templeton's FOBXX in terms of market share. Ondo Finance has played a pivotal role in BUIDL's rapid growth, reallocating $95 million of its OUSG token's assets into BUIDL, making it the largest holder with 38% of the total supply and fully backing OUSG with BUIDL. This move is part of a broader trend of increasing institutional adoption of real-world assets (RWAs) on blockchain, signaling a significant shift in traditional finance towards digital asset integration.