BUIDL (BlackRock)
Web3 / tokenization
BlackRock's USD Institutional Digital Liquidity Fund (ticker: BUIDL) represents the world's largest asset manager's entry into tokenized money market funds. Launched on the Ethereum blockchain, BUIDL tokenizes short-term U.S. Treasury securities and cash equivalents, allowing institutional investors to hold and transfer these assets as digital tokens. Each BUIDL token represents one share of the underlying fund, maintaining a stable value while offering institutional-grade custody, compliance, and regulatory oversight. The fund bridges traditional finance and blockchain infrastructure, enabling faster settlement, 24/7 trading, and programmable financial operations through smart contracts.
Example
BlackRock launched BUIDL on Ethereum in March 2024, initially accumulating billions in assets and becoming the largest tokenized Treasury fund globally, demonstrating institutional adoption of blockchain-based financial infrastructure.
Why It Matters
BUIDL validates that major financial institutions view blockchain as essential infrastructure for modernizing asset settlement and custody, accelerating mainstream adoption of tokenized real-world assets beyond speculative crypto use cases.
Definition maintained by Cointegrity. See our editorial policy for review standards on regulatory and compliance terms.
Explore the full Web3 Glossary — 2,085+ expert-curated definitions. Need guidance? Talk to our consultants.