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The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized fund introduced by BlackRock, designed to offer institutional investors stable U.S. dollar yields through blockchain technology. Launched initially on the Ethereum network, BUIDL has expanded to multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. The fund invests entirely in cash, U.S. Treasury bills, and repurchase agreements, aiming to maintain a stable value of $1 per token. Investors receive daily accrued dividends directly to their digital wallets as new tokens each month. BUIDL has surpassed $500 million in assets under management, making it one of the largest tokenized treasury funds globally.
BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity Fund) is a tokenized money market fund designed for institutional investors that allows for earning yields on US Dollar. Investors receive daily accrued dividends in the form of additional tokens, making it a blockchain-based alternative to traditional money market funds.
BUIDL invests 100% of its total assets in cash, U.S. Treasury bills, notes, and repurchase agreements secured by such obligations or cash.
Investors receive daily accrued dividends, which are paid directly to their digital wallets as new tokens each month.
Yes, investors can transfer their BUIDL tokens 24/7 to other pre-approved investors, providing flexibility and liquidity.
At this time, there is no indication of availability to retail investors. BUIDL is designed for institutional investors, which is particularly apparent from the initial investment minimum of $5 million.
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