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BlackRock Tokenized Fund Holds More Assets on Avalanche Than Ethereum

BlackRock's BUIDL fund now holds $481.81 million on Avalanche compared to $422.72 million on Ethereum, reflecting an institutional shift toward multi-chain tokenization.

FTMQ Crypto, written by our newsroom0 views

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The BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL, now holds $481.81 million in assets on the Avalanche blockchain compared to $422.72 million on Ethereum, TronWeekly reported. BlackRock reallocated its flagship tokenized Treasury fund on-chain, leading to Avalanche surpassing Ethereum in asset allocation for the fund. [1]

The BUIDL fund was originally launched on the Ethereum network in March 2024. TronWeekly reported that Avalanche is now the third-largest chain for the fund, positioned behind Solana, as institutional tokenization expands beyond a single network. [1]

BlackRock is an American multinational investment manager headquartered in New York City. Founded in 1988, the firm has grown to become the largest asset manager in the world. [2]

The reallocation demonstrates how institutional tokenization of real-world assets is increasingly moving toward multi-chain infrastructure, TronWeekly reported. [1]

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In short

  • BlackRock's BUIDL fund holds $481.81 million on Avalanche and $422.72 million on Ethereum.
  • The BUIDL fund was originally launched on Ethereum in March 2024.
  • Solana remains ahead of Avalanche as a primary chain for the BUIDL fund.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]BlackRock Powerful 481.81M Avalanche Tops 422.72M ETHTronWeekly, 11d ago (the report this story comes from)

Background

  1. [2]BlackRock on Wikipedia
  2. [3]Nathan MacKinnon on Wikipedia

Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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