TechFlow news, May 5 — According to Tokocrypto News, BlackRock, the world's largest asset management firm, has reached approximately $2.7 billion in investments within the Ethereum ecosystem through its tokenized money market fund BUIDL (USD Institutional Digital Liquidity Fund), accounting for 92% of its total assets.
Launched in March 2024, the fund has rapidly grown from an initial $667 million in assets under management to its current $2.7 billion. BUIDL is a tokenized money market fund offering institutional investors exposure to liquid assets such as U.S. Treasury securities and repurchase agreements, with each BUIDL token pegged 1:1 to the U.S. dollar.
In addition to Ethereum, BlackRock has expanded BUIDL to seven blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon to enhance efficiency and scalability.
