BlackRock’s crypto fund BUIDL has paid over $17 million in dividends since launch
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has distributed $17.2 million in dividends since launch in March 2024. This marks a significant milestone for BlackRock (NYSE: BLK) and Securitize in the tokenization industry, paving the way forward. Notably, BUIDL is currently available on six leading blockchains and is a tokenized financial product focused on institutional players. In particular, these high-grade investors can get exposure to BUIDL on Ethereum (ETH), Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), Optimism (OP), or Polygon (POL). The fund currently has $648.55 million in Total Asset Value, with Ethereum dominating by 74%, with $479.20 million. Avalanche comes in second and Aptos in third, featuring market caps of $57.10 million and $52.60 million, respectively. In closing, Polygon and Optimism have the smallest share with $32.30 million and $26.20 million. Picks for you ...