BlackRock’s tokenized money market fund, BUIDL, has surpassed $900 million in assets under management (AUM) on the Avalanche network, according to data from RWA.xyz. The fund added approximately $436 million in just seven days, representing a weekly growth rate of about 105%. This rapid expansion highlights accelerating institutional engagement with Avalanche’s ecosystem and the broader tokenized real-world asset (RWA) market.
The milestone was first reported by Wu Blockchain and later confirmed by multiple sources. BUIDL, which launched in March 2024, now holds around $2.87 billion in total AUM across supported blockchains, making it one of the largest on-chain tokenized U.S. Treasury products. The sharp increase on Avalanche underscores growing confidence among major traditional finance players in utilizing public blockchains for digital asset management.
Avalanche’s role as a hub for tokenized RWAs is expanding. The network recently entered the top ten stablecoin ecosystems by total supply, and the influx of institutional capital from a heavyweight like BlackRock could catalyze further adoption. The move may also encourage other asset managers and issuers to explore similar products on Avalanche or competing Layer-1 networks.
While the crypto market shows mixed signals, institutional interest in tokenized funds appears to be strengthening. Analysts will watch whether BUIDL’s Avalanche AUM sustains its elevated level and whether the pace of growth continues. For now, the data points to a significant vote of confidence in Avalanche’s infrastructure for regulated, on-chain financial products.
