BlackRock’s institutional USD digital liquidity fund, known as BUIDL, has surpassed $900 million in assets on Avalanche. The figure rose from about $464 million in seven days, adding about $436 million and marking a 105% weekly increase. Wu Blockchain cited data from RWA.xyz when reporting this decision on July 12.
RWA.xyz’s BUIDL dashboard estimates the fund’s total asset value at approximately $2.87 billion across all supported networks. Its Avalanche position now represents almost a third of the entire fund. Current data also places Avalanche behind Ethereum as BUIDL’s second largest network allocation. The increase occurs without changing the token’s target value of $1 per share.
BUIDL Gives Institutions Access to On-Chain Treasury
BlackRock launched BUIDL in March 2024 via the Securitize tokenization platform. The fund invests primarily in U.S. Treasury bills, cash and repurchase agreements. Its stated objective is “current income” while maintaining capital liquidity and stability. Investors receive tokenized fund shares and dividends accrued daily, subject to eligibility and transfer controls.
BUIDL first launched on Ethereum before expanding to Aptos, Arbitrum, Avalanche, Optimism and Polygon in November 2024. It later reached Solana and BNB Chain. Crypto.news reported that the added share classes provide accredited investors with more on-chain transfer, settlement and yield options across multiple blockchain environments.
BNY Mellon supports fund administration across digital and traditional systems. RWA.xyz has a seven-day annualized yield of 3.40% and management fees ranging from 0.20% to 0.50%. These numbers can change depending on short-term interest rates, expenses, and the share class each investor uses. BUIDL’s on-chain tokens register ownership, while the underlying wallet remains managed under the fund’s legal structure. The fund reports a net asset value of $1.
Avalanche’s tokenized asset market is growing
Current data from RWA.xyz Avalanche shows approximately $2.10 billion in real asset value distributed across the network, up over 58% over 30 days. Based on these numbers, BUIDL’s Avalanche share represents approximately 43% of the network’s distributed asset value. Avalanche also hosts tokenized products from Franklin Templeton and other asset managers. Source: Avalanche data RWA.xyz.
BUIDL has also entered decentralized finance on Avalanche. Crypto.news reported that sBUIDL, a token backed one-to-one by BUIDL and issued by Securitize, became collateral on Euler in May 2025. Eligible users can borrow USDC or AUSD against the asset through organized lending markets.
Demand for Tokenized Treasuries Continues to Grow
The increase in BUIDL comes as real-world tokenized assets gain a greater place in institutional crypto activity. Crypto.news reported in June that tokenized real-world assets surpassed $29 billion in April 2026. Tokenized U.S. Treasuries grew from approximately $380 million in 2023 to $13.4 billion during the same period.
BUIDL remains concentrated among a limited number of accredited investors. RWA.xyz lists 113 holders, even as the fund’s value approaches $2.87 billion. This structure reflects a focus on qualified buyers rather than broad retail access. Avalanche’s latest increase may therefore represent one or more large allocations rather than a general increase in the number of wallets.
BlackRock and Securitize have not publicly identified the investors behind the weekly surge in Avalanches. The available data confirms the growth of assets but does not allow us to know whether the capital comes from new subscriptions, network transfers, or both. Market participants can track future changes via RWA.xyz dashboards as BUIDL’s multi-chain distribution grows.
