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.