The strategy, offering an annualized yield exceeding 24%, will be soon rolled out to institutions and retail users.
The move came after the state investment board doubled its exposure to spot bitcoin ETFs late last year as markets fell.
Mubadala Investment Company added an extra 491,439 shares in BlackRock's IBIT Bitcoin ETF in Q1, currently worth $28.8 million.
BlackRock’s nearly $3 billion tokenized Treasury fund launched its “first direct DeFi protocol integration” with Euler on Avalanche.
The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.
Institutional appetite for digital assets is gaining momentum, with crypto investment products recording $882 million in inflows last week. According to new data from CoinShares, this marks the fourth straight week of positive flows. In 2025, digital asset investments have seen total inflows of $6.7 billion, which is rapidly approaching the $7.3 billion high set […]
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Crypto investment products added $882 million worth of net inflows for the fourth week in a row, according to asset manager CoinShares.
Representatives for BlackRock, met with SEC staff to discuss staking and options for cryptocurrency exchange-traded funds.
BlackRock’s iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF analyst Eric Balchunas reported that IBIT ranked as the US’ sixth-highest fund by year-to-date inflows. According to the data, IBIT has pulled in over $6.9 billion since January, outperforming the SPDR Gold Shares […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock, the world’s largest asset manager, has made additional moves to incorporate blockchain technology into its traditional finance operations. According to an April 28 filing with the US Securities and Exchange Commission (SEC), the firm seeks approval to introduce a blockchain-enabled share class, referred to as “DLT Shares,” tied to its $150 billion money market […]
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"It makes no fundamental sense, and yet when it's repeated enough, it can actually become a little self-fulfilling,” Mitchnik said.
BlackRock to work with BNY Mellon in creating a new class of 'Distributed Ledger Technology' shares for its Treasury Trust Fund
BlackRock's Head of Digital Assets Robert Mitchnick expressed his views in a panel discussion at Token2049 in Dubai.
BlackRock CEO Larry Fink highlighted in a shareholder letter earlier this year that tokenization will 'revolutionize' investing.
CME Bitcoin Futures open interest falls for four straight days, according to CME data.
Blockchain-based US Treasuries are gaining serious momentum, edging closer to a new all-time high of $6 billion in value. These digital financial instruments mirror traditional government bonds but live on-chain, offering investors yield-bearing exposure with the added benefits of blockchain technology. According to real-world asset platform RWA.xyz data, tokenized treasuries on public blockchains were $4.01 […]
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BlackRock, the largest asset manager in the world, reported $3 billion in digital asset inflows during the first quarter of 2025 despite the volatility in the crypto market. The update came in the firm’s latest earnings report, which also revealed $84 billion in total net flows across its broader portfolio during the quarter. The performance […]
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Total digital asset AUM rose to more than $50 billion, a large number but a relatively minor proportion of BlackRock's more than $10 trillion under management.
The SEC intends to host a round table with Coinbase and other crypto legal rivals, and Ripple plans to acquire Hidden Road for $1.25 billion.
What is BlackRock’s BUIDL fund? BlackRock USD Institutional Digital Fund, BUIDL, is BlackRock’s first tokenized money market fund. It enables these traditional financial products to be traded as cryptographic tokens on blockchains. A money market fund is a mutual fund that invests in high liquidity, short-term debt instruments. These funds aim to provide investors with a place to park money temporarily, returning a level of income without massive capital appreciation. They typically include cash, cash equivalents and high-credit rating debt securities like US Treasurys.Blackrock is the world’s largest asset manager. It now provides blockchain-based money markets via blockchains like Solana and Ethereum. Essentially, the firm has taken the idea of traditional money market funds and combined it with the distributed ledger and payment characteristics of blockchains. The fund has reported explosive growth, rocketing from $667 million to $1.8 billion of assets under management in just three weeks. As of March 31, 2025, the fund continues to attract a steady inflow of capital, with an increasing number of crypto-savvy investors choosing to park their funds in BUIDL via the seven blockchains it currently operates on:EthereumSolanaAptosArbitrumAvalancheOptimismPolygonThe BUIDL launch marks one of the most significant institutional moves into mixing traditional finance (TradFi) and blockchain-based products. It signals another step in Blackrock’s crypto strategy towards mainstream financial acceptance of crypto and blockchain. This institutional crypto adoption from a respected asset manager with trillions of dollars of assets under management further legitimizes the space and may trigger a new wave of capital inflows from institutional adoption. How does BUIDL work? BUIDL is a tokenized fund. It invests in dollar-equivalent assets like US Treasury bills, cash, and repurchase agreements. Investors buy and sell BUIDL tokens, which are pegged to the dollar and pay dividends daily to an investor’s wallet as new tokens every month.Investors can enjoy earning yields while retaining the security of traditional finance instruments. It is a form of real-world asset tokenization (RWA) that involves creating a digital representation of an asset. This digital representation is a blockchain-based token, similar to cryptocurrency, that can be traded on relevant decentralized networks. Traditional asset transfers usually take days to settle and have poor capital efficiency. Tokenized assets allow near-instant trades and settlements to speed up financial processes while enabling better automation for reduced costs.A hybrid approach creates a TradFi and crypto bridge to give investors the best of both worlds with the stability of regulated financial products and the efficiency of blockchain.Did you know? Part of Sky’s (formerly MakerDAO) $1 billion RWA allocation announced in 2024, Superstate secured a chunk (estimated $200 million–300 million) in March 2025, pushing its AUM past $400 million. The tokenized Treasury market’s $5 billion milestone supports this growth. Why BUIDL matters for crypto The BlackRock BUIDL fund ushers in the next level of institutional legitimacy to the crypto ecosystem. Regulated institutions and entities can now seamlessly enter the blockchain space with confidence, especially with proven chains like Ethereum and now Solana. The fund demonstrates real-world practical use cases for blockchain beyond speculative investments. For many years, crypto investments were reserved for those brave enough to trade tokens directly or learn the intricacies of decentralized finance (DeFi). The latter was often a risk too far for their precious investments. Adding to this, ambiguous regulation meant that these options were completely off-limits for institutional fund managers like BlackRock.For years, crypto has been seeking the approval and legitimacy of traditional financial institutions. BUIDL isn’t just acceptance; it’s the green light for active participation from the world’s biggest financial player. The fund’s early success may be a potential catalyst for a swell of institutional investment as mainstream adoption grows. BUIDL’s impact on traditional finance (TradFi) The BUIDL fund is a high-profile example of how traditional finance products can be improved with tokenization and blockchain. BUIDL demonstrates the design possibilities available to further tokenize money markets and RWAs.“In the year since BUIDL’s launch, we’ve experienced significant growth in demand for tokenized real-world assets, reinforcing the value of offering institutional-grade products onchain,” said Carlos Domingo, CEO and co-founder of Securitize, the company partnered with Blackrock to bring BUIDL onto the Solana blockchain. “As the market for RWAs and tokenized treasuries gains momentum, expanding BUIDL to Solana — a blockchain known for its speed, scalability, and cost efficiency — is a natural next step.”While the money market usually enables investors to earn yield from idle cash, traditional funds have trading limitations like limited operating hours. The introduction of blockchain versions gives 24-hour access and liquidity to investors. Blackrock isn’t the only player in tokenized funds, either. Franklin Templeton released a similar blockchain product, which had grown to over a $600 billion market cap by February 2025, while Figure Markets launched an interest-bearing stablecoin called YLDS.Did you know? Beyond traditional institutions, BUIDL has drawn interest from blockchain-native entities eager to leverage its onchain utility. A standout early investor is Ondo Finance, which reallocated $95 million from its own tokenized short-term bond fund into BUIDL within a week of its March 2024 launch. Benefits of BUIDL for investors Traditional money market funds have been in operation for decades, but BUIDL introduces several benefits, including speed and accessibility, to bring these financial products into the modern world of digital assets.Improved speed and efficiency: With a BUIDL crypto investment, settlement times are reduced compared to traditional finance. This eases administrative burdens and costs while delivering overall operational efficiency.Enhanced liquidity and accessibility: Investors are able to buy and sell their fund tokens 24 hours a day, seven days a week. There are no closed trading times or weekends so investors can always retain liquidity to enjoy better capital efficiency.New yield generation: With BUIDL seeking a stable $1 value per token, investors get daily accrued dividends paid into wallets as new tokens on a monthly basis. This may provide higher returns compared to traditional fixed-income investments. Transparency and security: All of BUIDL’s transactions and holdings are tokenized and registered on the relevant blockchains. This means everything is transparent for investors to enjoy more visibility and accountability of their assets. Risks and challenges of BUIDL BUIDL’s rapid growth is a positive sign for innovation between TradFi and blockchain. Still, it also introduces risks that many investors might not be familiar with. This is an important consideration for money markets as factors like liquidity and technological vulnerabilities are evolving. Understanding these new elements is essential for investors:Liquidity issues: Liquidity is critical for any successful asset class, especially with derivative products. BUIDL does have some liquidity concerns with the investor base currently consisting of qualified investors, neglecting wide market adoption.Technical vulnerabilities: The foundation of BUIDL leverages Ethereum's smart contracting capabilities to tokenize US Treasurys. Smart contract vulnerabilities here could expose the fund to failures and hacks. Market manipulation: Cryptocurrency is notoriously volatile, often due to market manipulation as profiteers run tactics like wash trading and pump-and-dump schemes. As a new tokenized product, BUIDL could be vulnerable to this type of risk with its limited trading volumes and liquidity. Counterparty risk: Blackrock is a secure financial institution with credibility. But counterparty risk is significant in crypto. For instance, if an exchange listing BUIDL faces financial distress, it could impact the token's reliability.
BlackRock's blockchain money marker BUIDL paid out an estimated $4.17 million in investor dividends during March, Securitize said.
A total of 51 firms are currently on the FCA's crypto asset register, which also includes Coinbase, Fidelity, Gemini and Kraken.
The world's biggest asset manager will be allowed to act as an arranger for iShares Digital Assets AG, who issue Exchange Traded Products.
BlackRock has secured approval from the Financial Conduct Authority (FCA) to operate as a registered crypto asset firm in the United Kingdom. The approval places BlackRock, the world’s largest asset management firm, among a growing list of regulated companies in the region, including Coinbase and Kraken. This milestone also marks a significant step in the asset manager’s continued expansion […]
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In a letter to shareholders, the chairman of the world’s largest asset manager warned about the soaring U.S. debt and the possible competition that bitcoin poses to the U.S. Dollar.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The BlackRock CEO also suggested tokenization can "revolutionize investing" — enabling every asset to benefit from blockchain technology.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The asset manager added four new roles to its website, including a legal counsel to advise on ETF launches.