Launched in 2024, the BUIDL tokenized fund from BlackRock and Securitize has now paid out over $100 million in dividends. A look back at this major milestone, which reflects the growing adoption of this type of investment vehicle.
BlackRock and Securitize’s BUIDL Exceeds $100 Million in Dividends
In March 2024, BlackRock filed an application with the Securities and Exchange Commission (SEC) for a tokenized fund in partnership with Securitize. Since then, the famous BUIDL has grown significantly and even surpassed $2.9 billion in assets under management last May, according to data from RWA.xyz.
On Tuesday, the fund reached a new milestone, as Securitize announced that the BUIDL had now surpassed $100 million in dividends paid.
To date, BUIDL is available on nine blockchains: Ethereum (ETH), BNB Chain, Aptos (APT), Solana (SOL), Avalanche C-Chain (AVAX), Arbitrum (ARB), OP Mainnet (OP), and Polygon (POL). In terms of accessibility, however, it should be noted that the minimum investment is $5 million.
Although this fund is currently valued at nearly $1.74 billion—representing a decline of approximately 41% from its all-time high (ATH)—it nonetheless marks a major milestone reflecting the adoption of tokenized assets by traditional finance players.
This fall, BUIDL had nearly returned to its ATH, but since then, it appears to be suffering from the downturn that has been affecting the ecosystem over the past two months and has thus lost 25% of its market capitalization over the last 30 days:
Value of assets under management for BUIDL
Despite this decline, it does not detract from the underlying trend currently in motion. In fact, last month, Binance announced that VIP traders could now use BUIDL as collateral for their leveraged positions. At the same time, Amundi unveiled the tokenization of one of its money market funds, with assets under management of €5.57 billion, making it available for tokenization on Ethereum. Two weeks ago, JPMorgan announced its own launch of a tokenized fund called MONY, also on Ethereum.
While the emerging bear market, along with the Federal Reserve’s (Fed) looming rate-cutting cycle, could undermine the ongoing adoption, it is nevertheless highly likely that this trend toward the tokenization of real-world assets will continue to grow in the months and years ahead.
