BlackRock Tokenized Fund 'BUIDL' Surpasses $100 Million in Dividends

[Financial News] The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund (MMF) from the world’s largest asset manager BlackRock, has surpassed $100 million in cumulative dividends just two years after its launch. This achievement is seen as proof of the profitability and stability of blockchain-based financial products such as Real-World Asset Tokenization (RWA).
According to the financial investment industry on the 2nd, BlackRock’s BUIDL fund recently exceeded $100 million in cumulative dividend payouts. This figure was compiled by Securitize, the platform responsible for issuing and managing BUIDL tokens, as of the end of last year.
Launched in 2024 on the Ethereum network, BUIDL invests in United States Treasury securities (Treasuries) and repurchase agreements (RP), among other assets. Investors in BUIDL receive fund returns in the form of BUIDL tokens. In other words, dividends are distributed directly to investors’ digital wallets on the blockchain.
According to the RWA analytics platform RWA.xyz, BUIDL currently has total assets of approximately $1.74 billion, making it the world’s largest tokenized Treasury fund by market capitalization. An industry insider noted, “While the initial focus was on the symbolism of a traditional financial institution entering blockchain, the core achievement now is the infrastructure reliability demonstrated by the automated on-chain distribution of $100 million in real cash flows.”
This demonstrates that blockchain technology can not only improve transaction speed and reduce intermediary costs, but also fulfill the essential financial function of distributing returns to investors—potentially replacing or supplementing legacy systems. BUIDL is already expanding to multiple chains, including Ethereum and Solana.
BlackRock’s latest achievement carries significant implications for the stagnant domestic Security Token Offering (STO) market. Currently, STO discussions in Korea are focused on fractional investments in unconventional assets such as artwork, premium beef, and real estate. In contrast, BlackRock’s case shows that the digital transformation of highly liquid, mainstream securities like Treasuries and MMFs must come first to attract major capital inflows.
A source from the STO industry commented, “BUIDL is not about splitting up illiquid assets, but rather making already highly liquid quality assets tradable 24/7, thus maximizing capital efficiency.” The source added, “Korea should focus on building tokenization infrastructure for bonds and fund-type assets that can facilitate large-scale capital movement, rather than restricting the advantages of blockchain.”

elikim@fnnews.com Mihee Kim Reporter