BlackRock’s BUIDL fund on the Avalanche blockchain more than doubled its assets under management this week. Total assets rose to over $900 million from approximately $464 million.
This growth establishes BUIDL as the largest tokenized treasury product on-chain. The fund now ranks as the biggest real-world asset on the Avalanche network.
Avalanche currently trails only Ethereum in total assets under management for the BUIDL fund. The product maintains a stable value of $1.00 per token and distributes accrued dividends daily. This expansion reflects rising institutional demand for tokenized real-world assets.