BlackRock's BUIDL tokenized Treasury fund added $52.1M in market cap in a day, pushing its total to $2.6B as institutional demand drives growth.
Alpha Score of 72 reflects strong overall profile with strong momentum, weak value, moderate quality, strong sentiment.
BlackRock's BUIDL tokenized Treasury fund added $52.1 million to its market cap in a single day, on-chain data show. The increase pushed the fund's market cap to roughly $2.6 billion, extending its lead in the tokenized Treasury sector.
BUIDL launched in March 2024 and crossed $500 million in assets by mid-2024. By late 2025 it had distributed over $100 million in cumulative dividends. The fund maintains a net asset value of $1 per token, with daily yield accrual in the 3% to 5% APY range.
The broader tokenized Treasury market now holds between $15 billion and $16 billion in total on-chain value, according to Token Terminal. BUIDL commands a significant share.
The sector faces constraints. Utilization of tokenized Treasury products within DeFi lending protocols remains low, limiting their function as collateral. Competition is rising: Franklin Templeton and Ondo Finance have launched rival products.
The $52.1 million daily increase followed a week in mid-August when BUIDL added $32.5 million, suggesting the growth rate is accelerating.
Traditional money market funds offer similar yields. They settle on T+1 timelines and operate only during market hours. BUIDL settles instantly on-chain, a feature that appeals to institutional liquidity managers.
For all its growth, the tokenized Treasury market is tiny compared with the $6.7 trillion US Treasury market. The on-chain version represents a fraction of a percent of that total.
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