BlackRock USD Institutional Digital Liquidity Fund (BUIDL) product
Overview
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund launched by BlackRock in partnership with Securitize. It invests in short-term US government securities, cash, and repurchase agreements, and its ERC-20 token on Ethereum represents a digital share of the fund. The product is designed for institutional investors seeking a yield-bearing digital dollar alternative that can be used as collateral in DeFi and traditional markets.
Within the DeFi Intel graph, BlackRock USD Institutional Digital Liquidity Fund (BUIDL) connects to 32 tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 32 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Polygon | 95% |
deployed_on | Optimism | 95% |
deployed_on | BNB Chain | 95% |
deployed_on | Avalanche | 95% |
issued_by | BlackRock | 95% |
launched_by | BlackRock | 95% |
partnered_with | Securitize | 95% |
administered_by | Securitize | 95% |
Frequently asked questions
What is BlackRock USD Institutional Digital Liquidity Fund (BUIDL)?
BUIDL is a tokenized fund launched by BlackRock with Securitize that invests in cash, US Treasury bills, and repurchase agreements. Its shares are offered as securities to qualified institutional investors and accrue daily dividends, paid out as new tokens.
How does BUIDL differ from stablecoins like USDC?
Unlike stablecoins which maintain a fixed peg without distributing yield, BUIDL is a regulated fund that passes through the interest earned on its underlying Treasury and cash holdings to token holders as daily dividends.
What blockchain is BUIDL issued on and what are the transfer restrictions?
BUIDL is issued as an ERC-20 token on Ethereum, but its transfer is restricted to comply with securities regulations—only whitelisted institutional investors can hold and transact the token.
What is BlackRock USD Institutional Digital Liquidity Fund (BUIDL) connected to?
In the DeFi Intel knowledge graph, BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is linked to 32 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
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