The BUIDL fund has achieved a total size of $2.89 billion, making it the largest tokenized money market in the ecosystem, accounting for 40% of the tokenized U.S. Treasury market.
BUIDL's Growth Despite Changes at Ethena Labs
March 26 marked a turning point for the fund as Ethena Labs stopped using BUIDL shares to back its USDtb stablecoin. Previously, about 90% of its reserves, around $1.3 billion, were funneled into the fund, but despite this, BUIDL expanded by another $1 billion.
Increasing Interest in Tokenized Treasuries
The growth of BUIDL indicates a rising interest among institutional investors in regulated and yield-generating cash equivalents, reflecting broader market trends that embrace tokenized treasuries.
Institutional Comfort with Blockchain-based Liquidity
BUIDL's ongoing expansion signals growing comfort among financial institutions with blockchain-based financial infrastructure. The fund offers real-time settlement, transparency, and programmable access to U.S. Treasuries, aligning with the increasing demand for real-world assets on public blockchains.
The BUIDL fund continues to demonstrate successful growth, attracting attention from both investors and financial institutions, highlighting the importance of tokenizing traditional financial products.
