BlackRock's BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton's

The BlackRock USD Institutional Digital Liquidity Fund, represented by the BUIDL token on the Ethereum (ETH) network and backed by U.S. Treasury bills, repo agreements and cash, now boasts $375 million of deposits after enjoying $70 million of inflows last week, blockchain data by rwa.xyz shows. The fund, created with tokenization services platform Securitize, has captured almost 30% market share since its debut on March 21.