According to Tokocrypto News, the USD Institutional Digital Liquidity Fund of BlackRock, the world's largest asset manager, has invested around $2.70 billion in the Ethereum ecosystem, accounting for 92% of its total assets.
Launched in March 2024, the fund has grown rapidly from its initial $667 million to its current $2.70 billion. BUIDL is a tokenized money market fund that offers institutional investors the opportunity to invest in liquid assets such as US Treasuries and repurchase agreements, with each BUIDL token pegged 1:1 to the US dollar.
In addition to Ethereum, BlackRock is also expanding BUIDL to seven blockchain networks, including Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon, to achieve greater efficiency and scalability.
BlackRock's BUIDL fund invests $2.70 billion in Ethereum ecosystem
2025-05-05 05:28:31
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