Blackrock Buidl token
Overview
BlackRock BUIDL (BlackRock USD Institutional Digital Liquidity Fund) is a tokenized money market fund launched in 2024 on the Ethereum blockchain. It invests in cash, US Treasuries, and repurchase agreements, aiming to maintain a stable net asset value of $1 per token. It is used as on-chain collateral in DeFi protocols and as a yield-bearing alternative to stablecoins.
Within the DeFi Intel graph, Blackrock Buidl connects to 1 tracked entity, most strongly to Frax USD.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
backed_by | Frax USD | 90% |
Frequently asked questions
What is BlackRock BUIDL?
BlackRock BUIDL (BlackRock USD Institutional Digital Liquidity Fund) is a tokenized money market fund launched in 2024 on the Ethereum blockchain. It invests in cash, US Treasuries, and repurchase agreements, aiming to maintain a stable net asset value of $1 per token.
What chain does BlackRock BUIDL run on?
BlackRock BUIDL runs on the Ethereum blockchain.
What is BlackRock BUIDL connected to?
BlackRock BUIDL is used as on-chain collateral in DeFi protocols and as a yield-bearing alternative to stablecoins. It is also backed by Frax USD.