BlackRock's on-chain tokenized assets total $2.93 billion, with Ethereum accounting for $1.1 billion
Svmuu News: BlackRock currently manages $2.93 billion in on-chain tokenized assets, with Ethereum leading the way at $1.1 billion, ahead of Avalanche, Solana, and BNB Chain. Its primary on-chain assets are concentrated in the Blackrock USD Institutional Digital Liquidity Fund (BUIDL), which was launched in 2024 by Blackrock in partnership with the issuance platform Securitize. The fund holds cash, U.S. Treasury bonds, and repurchase agreements, with investor shares represented in the form of blockchain tokens. BUIDL has expanded from Ethereum to eight networks, including Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain. BlackRock also filed a document with the SEC on May 8, announcing plans to launch two new tokenized money market funds, BSTBL and BRSRV, aimed at stablecoin issuers and holders. (Bitcoin.com News).
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