BlackRock BUIDL fund hits $1B as Ethena mints $200M

Buidl, Buidl, exceeded $ 1 billion in management, Buidl.

Rwa.xyz data show that total assets of Blackrock Buidl Fund have cultivated 57% in the last month after Ethena (This one) Allocation of $ 200 million on March 13. The fund, which was introduced in partnership with Securitize, exposes investors to species, buyout agreements and American treasury bills.

Buidl was developed for the first time on Ethereum (Ethn) But has since extended in Aptos (Fit) Referee (ARB), Avalanche (Avax), and optimism (Boost) using the worm hole (W) bridge. Its tokenized assets are managed by guards such as Digital Anchorage, Bitgo and Fireblocks, while species and titles are managed by Bny Mellon.

In December of last year, Ethena unveiled USDTB, a stablecoin intended to complete Ethena Usde (TO USE), its synthetic currency. Mainly supported by BUIDL, the USDTB quickly increased in food. Since the USDTB produces a return unlike conventional stables, it has acquired the call for investors looking for a passive income.

Beyond Blackrock and Ethena, more and more companies join the treasure of the Tokenized Treasury. Ondo (Ondo)) OUG and USDY finance products increased by 53% in the last month, approaching a combined evaluation of $ 1 billion. At the same time, the main first -rate brokers like Falconx now accept treasury bills, including Buidl, as collateral For leverage.

This change reflects an increase in institutional confidence in financial products based on blockchain technology. According to Rwa.xyz dataThe total tokenized treasury market developed rapidly, reaching $ 4.4 billion in March 14. The industry has extended quadruple in the past year, the demand increasing as a result of the US elections in November.

Analysts suggest that instead of holding floors that are not rendered, investors are increasingly evolving towards direct exposure to the Treasury in order to access the yield, which is currently an average of 4.28%.