BlackRock’s BUIDL hits $100M in dividends and passes $2B in assets

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email BlackRock’s BUIDL hits $100M in dividends and passes $2B in assets BUIDL tokens are used in crypto market infrastructure and as collateral, bridging traditional finance and blockchain technology. By Shaurya Malwa | Edited by Omkar Godbole Updated Dec 30, 2025, 6:14 a.m. Published Dec 30, 2025, 6:07 a.m. What to know : BlackRock's tokenized money market fund BUIDL has paid out $100 million in dividends since its launch in March 2024. The fund, valued at over $2 billion, invests in short-dated U.S. Treasuries and cash equivalents, and is one of the largest tokenized cash products. BUIDL tokens are used in crypto market infrastructure and as collateral, bridging traditional finance and blockchain technology. BlackRock’s tokenized money market fund BUIDL has distributed about $100 million in dividends since launching in March 2024, according to tokenization firm Securitize, which serves as the product’s transfer agent and administrator. The fund, which invests in short-dated U.S. Treasuries, repurchase agreements and cash equivalents, has grown past $2 billion in value, making it one of the largest tokenized cash products in the market. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Unlike stablecoins, BUIDL is structured as a regulated money market-style vehicle whose shares are represented by tokens that settle on public blockchains. BUIDL originally launched on Ethereum, but has expanded across multiple networks as demand for onchain dollar yield products grows. The $100 million in payouts from BlackRock's BUIDL fund serves as evidence of blockchain-based finance delivering at institutional scale. The milestone comes as tokenized money market funds gain traction as a regulated alternative to stablecoins for institutions looking for yield-bearing dollar exposure. The category has grown quickly over the past year, though regulators and policymakers have flagged risks around settlement finality, liquidity assumptions and how tokenized securities behave during stress events. BlackRock’s BUIDL becomes the first tokenized Treasury to pay out $100M in lifetime dividends. Securitize on top. pic.twitter.com/9uq2Bt6aCC — Securitize (@Securitize) December 29, 2025 BUIDL's structure allows qualified institutional investors to hold fund shares as blockchain tokens, with yield accruing from the underlying portfolio and paid out to investors onchain. The product has also found use beyond passive yield. BUIDL tokens have been integrated into crypto market plumbing, including as backing for stablecoins such as Ethena’s USDtb and as collateral in trading and financing arrangements. That positioning has helped BUIDL sit at the intersection of traditional short-term rates markets and the growing push to move collateral, settlement and yield strategies onchain. More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. 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