BlackRock’s new offering spurs $1B tokenisation of U.S. Treasuries

  • The introduction of the BlackRock USD Institutional Digital Liquidity Fund has driven the tokenisation of U.S. Treasuries on various blockchains, surpassing $1 billion in value.
  • BlackRock’s BUIDL offering, with a market valuation of $244.8 million, delivers monthly direct dividends to investors, maintaining a stable 1:1 ratio with the US dollar on Ethereum.
  • Ondo Finance’s latest injection of $79.3 million into BlackRock’s fund facilitated swift settlements for its own U.S. Treasury-backed token, OUSG.

OUR TAKE
BlackRock’s introduction of the USD Institutional Digital Liquidity Fund has catalysed the tokenisation of U.S. Treasuries on various blockchains, surpassing a value of $1 billion. By digitising assets, investors can benefit from increased liquidity, reduced settlement times, fractional ownership opportunities, and access to a broader range of investment options. Additionally, tokenisation can enhance transparency by providing immutable records of ownership and transaction history on the blockchain, potentially reducing fraud and errors in the traditional financial system.

–Sylvia Shen, BTW Reporter

The value of United States Treasuries on various blockchains, including Ethereum, Polygon, and Solana, has surpassed $1 billion, with a significant boost from the recent introduction of the BlackRock USD Institutional Digital Liquidity Fund.

BUIDL by BlackRock

The largest asset manager in the world, BlackRock submitted a form to the US Securities and Exchange Commission for the BlackRock USD Institutional Digital Liquidity Fund last week.

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With a market valuation of $244.8 million, BlackRock’s offering, known as “BUIDL”, was introduced on Ethereum on March 20.

BUIDL offers monthly direct payments to investors in the form of daily collected dividends, with its price fixed at a 1:1 ratio to the US dollar.

Also read: Binance ends support for USDC on Tron blockchain

Ondo Finance injects $79.3 million into BlackRock’s fund

The fund had four transactions totaling $95 million over the course of the week, making it the second-largest tokenised government securities fund.

Real-world asset tokenisation company Ondo Finance has contributed $79.3 million to BlackRock’s fund recently, enabling rapid settlements for its own U.S. Treasury-backed token, OUSG.

The company deposited $95 million in total over the course of four transactions. Currently, Ondo Finance holds a 38% stake in BUIDL.

Sylvia-Shen

Sylvia Shen

Sylvia Shen, an intern reporter at BTW media dedicated in Fintech and Blockchain. She graduated from University of California, Davis. Send tips to s.shen@btw.media.

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