In just 6 days, Blackrock USD Institutional Digital Liquidity Fund (BUIDL) has seen a massive growth, pushing its total assets under management (AUM) from $668 million to $1.004 billion. This milestone marks a major step forward in the onchain finance space, reflecting the rapid expansion of the crypto asset market.

Launched in March 2024, BUIDL is one of the pioneering tokenized funds, issued on multiple public blockchains. Securitize, the fund issuer and leading tokenization provider, has stated that reaching $1 billion AUM is a significant achievement, cementing BUIDL’s position as the leading tokenized Treasury fund by assets under management.

Carlos Domingo, co-founder and CEO of Securitize, emphasized: “BUIDL has set a new standard, proving to the investment community that this market is here to stay. The momentum behind this recognition is only growing.”

The Cryptocurrency Treasury Market and BUIDL’s Expansion

BUIDL is now the largest tokenized Treasury fund in the RWA (Real World Assets) category. According to data from rwa.xyz, as of March 14, 2025, the total market cap of Cryptocurrency Treasuries has increased to $4.4 billion, up from $4 billion just a week earlier.

Currently, BUIDL is followed by Hashnote Short Duration Yield Coin (USYC) with $868 million AUM, and Franklin Onchain US Government Money Fund (BENJI) with $689 million AUM.

The BUIDL ecosystem is also expanding with the integration of Wormhole, which enables flexible cross-chain token transfers. BUIDL tokens are accessible on multiple blockchains such as Optimism, Arbitrum, Polygon, Avalanche, and Aptos. Currently, there are 557 investors holding and managing the circulating BUIDL tokens.

Joseph Chalom, Head of Strategic Ecosystem Partnerships at Blackrock, expressed optimism: "We are excited to see BUIDL's growth accelerating and are grateful for the support from Securitize, Bank of New York Mellon, and other partners."

The Prospects of Cryptoassets and the RWA Economy

The strong growth of BUIDL is part of a broader trend of asset tokenization. Many experts predict that the crypto bond economy will expand rapidly, with a value that could reach $1 trillion by 2028. Further, the overall crypto asset market—including stocks, real estate, bonds, and commodities—could reach $2 trillion to $30 trillion by 2030.

Currently, the total value of the crypto asset economy is $18.34 billion, reflecting the rapid transformation of the traditional financial market to the blockchain model. With the impressive growth of BUIDL and other crypto funds, it can be seen that the digital asset market is entering a new explosive phase.