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News Explorer — BlackRock BUIDL Flips Franklin Templeton to Become Largest Tokenized US Treasuries Fund at $375 Million

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Apr 30, 2:45 pm
Coindesk

BlackRock BUIDL Flips Franklin Templeton to Become Largest Tokenized US Treasuries Fund at $375 Million

BlackRock's tokenized asset fund BUIDL has become the largest of its kind, surpassing Franklin Templeton's offering just six weeks after its launch. The fund, represented by the BUIDL token on the Ethereum network, now has $375 million in deposits and has captured almost 30% market share since its debut. Tokenization of real-world assets, such as U.S. Treasuries, has gained popularity for its potential benefits in terms of faster settlements, operational efficiency, and transparency.

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