BlackRock's tokenized investment fund BUIDL has inflow of $160 million within a week of its launch
2024-03-27 21:12:25
The US dollar Institutional Digital Liquidity Fund (BUIDL) is BlackRock's first tokenized investment fund, which achieved nearly $160 million in capital inflows in its first week of establishment. Ondo Finance, a token based real world asset (RWA) platform, reported that it would allocate "a large part" of its token based short-term US treasury bond bond ETF OUSG assets to BUIDL. Ondo said that it would transfer $95 million to BUIDL, and it was unclear whether the $95 million was included in the $160 million already accumulated by BlackRock.
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