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# BlackRock’s BUIDL Fund Exceeds $1 Billion, Boosted by $200 Million Investment from Ethena
BlackRock’s BUIDL fund, which centers around tokenized U.S. Treasury bonds, has accomplished a noteworthy achievement by surpassing $1 billion in assets being managed. This increase in expansion was mainly fueled by a considerable $200 million investment from Ethena.
Information from RWA.xyz reveals that BlackRock’s BUIDL fund underwent an extraordinary 57% rise in total assets over the previous month, following Ethena’s $200 million investment on March 13. The fund, created in partnership with Securitize, gives investors exposure to cash, repurchase agreements, and U.S. Treasury bonds.
Initially created on the Ethereum blockchain, BUIDL has since broadened its scope to other platforms like Aptos, Arbitrum, Avalanche, and Optimism through the use of Wormhole bridges. The fund’s tokenized assets are overseen by custodians like Anchorage Digital, BitGo, and Fireblocks, while BNY Mellon supervises the cash and securities.
Ethena launched USDtb in December of last year as a stablecoin intended to supplement Ethena’s USDe, a synthetic dollar. USDtb is mainly backed by BUIDL and has seen quick growth in its supply. Its capability to produce yield, unlike conventional stablecoins, has rendered it a favored option among investors seeking passive income.
Aside from BlackRock and Ethena, other firms are also entering the tokenized Treasury arena. Ondo Finance’s OUSG and USDY products have witnessed their value surge by 53% in the past month, achieving a combined valuation of almost $1 billion. Furthermore, major prime brokers like FalconX are now accepting tokenized Treasuries, including BUIDL, as collateral for leveraged trading.
This change indicates increasing institutional confidence in financial products grounded in blockchain technology. According to RWA.xyz, the total market for tokenized Treasuries has expanded swiftly, reaching $4.4 billion in assets as of March 14. The industry has increased fourfold in size over the previous year, with sustained demand growth since the U.S. elections in November. Three Justifications Why the Cost of Shiba Inu Coin Might Ascend by 60%
Monetary gurus are noticing a pattern: shareholders are dumping stablecoins in favor of the extra conventional path of sovereign debt. The reason? Well, those stablecoins aren’t exactly netting you any profits, whereas sovereign debt is presently providing a pleasant 4.28% yield. It seems individuals are pursuing that income!
