The blockchain-based institutional digital liquidity fund managed by the world’s largest asset manager, BlackRock, has distributed a total of $17.2 million in dividends since its launch in March.
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which is available on six different blockchains including Ethereum, Arbitrum, Avalanche, Polygon, Aptos and Optimism, currently holds $648.5 million in total assets, with each token having a value liquidation of $1.
According to RWA.xyz, a real-world tokenized asset tracking platform, BlackRock’s on-chain institutional liquidity fund has just 46 token holders and offers an annual percentage yield (APY) of 4.5%.
Approximately 73.9% of the fund’s total assets are on the Ethereum blockchain, while 8.8% are on Avalanche and approximately 8.12% on Aptos, with the remainder distributed among the other blockchains it is available on, none another chain holding more than 5% of its assets on it.
The fund is only available to qualified investors in the United States and is one of the largest institutional on-chain liquidity funds, behind Hashnote’s Short DurationUS Yield Coin (USYC), but dominating the money market fund of the US government Franklin OnChain (FOBXX). ) and Ondo’s US Dollar Yield (USDY) fund.
In total, according to the platform, tokenized Treasury funds have a total value of $4 billion and offer an average yield to maturity of just over 4%. There are 37 different funds, with 12,142 token holders in total.
Featured image via Unsplash.
