BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has breached the $900 million threshold on the Avalanche blockchain, a jump from roughly $464 million just a week earlier.
Rapid Asset Expansion on Avalanche
The surge added approximately $436 million in seven days, representing a 105 % weekly increase, according to data released on July 12 by Wu Blockchain. This growth positions Avalanche as the second‑largest network for BUIDL, trailing only Ethereum.
Fund‑Wide Valuation and Share Target
RWA.xyz’s dashboard reports the total value of BUIDL’s assets at about $2.87 billion across all supported chains, with the Avalanche allocation accounting for nearly one‑third of the whole fund. Despite the rapid inflow, the token’s target price remains fixed at $1 per share.
Structure and Investment Strategy
Launched in March 2024 via the tokenization platform Securitize, BUIDL concentrates on U.S. Treasury bills, cash, and repurchase agreements to generate current income while preserving liquidity and principal stability. Eligible investors receive tokenized fund shares and daily accrued dividends, subject to strict transfer and eligibility controls.
Multi‑Chain Deployment and Institutional Support
After an initial release on Ethereum, BUIDL expanded to Aptos, Arbitrum, Avalanche, Optimism, and Polygon in November 2024, later adding Solana and BNB Chain. Crypto.news noted that the new share classes provide approved investors with broader options for settlement, transfers, and on‑chain yield across these blockchain environments, while BNY Mellon handles the fund’s administration for both digital and traditional assets.