What is BUIDL?
BUIDL is the first tokenized money market fund launched by BlackRock, the world’s largest asset manager. It provides exposure to U.S. dollar-denominated short-term government assets — such as:
- U.S. Treasuries
- Repurchase agreements (repos)
- Cash equivalents
But here’s what makes it different: shares are issued and recorded on a public blockchain (Ethereum), allowing for on-chain settlement, visibility, and integration with smart contracts.
Key Features of BUIDL
| Attribute |
Description |
| Fund Name |
USD Institutional Digital Liquidity Fund |
| Ticker/Symbol |
BUIDL |
| Issuer |
BlackRock |
| Fund Manager |
Securitize (as transfer agent & tokenization platform) |
| Blockchain |
Ethereum |
| Yield Type |
Daily accrued yield paid in USDC |
| Minimum Investment |
$5M (currently limited to qualified investors) |
| Asset Type |
U.S. Treasuries, repos, cash |
| Redemption |
1:1 USDC redemption available with 1-day liquidity |
How BUIDL Works
- Investors subscribe to BUIDL via a tokenized share purchase through Securitize.
- Their capital is pooled and invested in short-term government securities.
- The fund accrues daily interest, and yield is distributed in USDC directly to holders.
- Investors can redeem tokens at par ($1) or transfer them on-chain between whitelisted wallets.
Benefits of BUIDL
✓ Institutional Trust – Backed by BlackRock and regulated under U.S. investment laws
✓ Tokenized Liquidity – Shares can be transferred 24/7 on Ethereum (with compliance restrictions)
✓ Daily Yield – Accrued and paid out automatically in stablecoins
✓ DeFi-Ready – Can be used as collateral, staking asset, or DeFi yield layer (within permissioned DeFi)
✓ Transparent – Investors can see fund activity, value, and transfers on-chain
Strategic Use Cases
- Treasury management for DAOs and Web3 firms
- Yield-bearing stablecoin alternatives (vs USDC/USDT)
- Bridge between TradFi capital and tokenized rails
- Institutional cash parking with programmable yield
Access Requirements
Currently:
- Only available to qualified institutional investors
- Must onboard via Securitize ID (KYC/AML required)
- Whitelisted wallet addresses only (non-transferable to unknown wallets)
Retail access may become possible via wrappers, feeders, or through platforms like TauLayer that provide fractionalized, compliant exposure.
