BlackRock BUIDL Fund's Unprecedented Success Driving Tokenization Innovation
BlackRock's BUIDL Achieves 36.5% Monthly Growth
BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has become the world’s largest treasury fund tokenized on a blockchain. This achievement follows its surpassing of Franklin Templeton’s Franklin OnChain US Government Money Fund (BENJI) in market cap.
Market Landscape of Tokenized Government Securities by Product. Source: Dune
Franklin Templeton established BENJI as the first US-registered fund leveraging public blockchain for transaction processing. Despite BENJI’s innovative approach, BlackRock’s BUIDL leads in tokenization, highlighting blockchain's growing significance in financial services.
- BlackRock CEO Larry Fink advocates for asset tokenization.
- There is a burgeoning market for tokenized government securities, with notable growth predicted.
- High liquidity remains a key factor for attracting investors to tokenized assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.