BlackRock’s tokenized money market fund BUIDL has grown to more than $900 million on Avalanche after adding roughly $436 million in seven days, according to RWA.xyz data. The fund’s assets on the network stood near $464 million a week earlier, implying a 105% weekly increase.
The jump makes Avalanche the second-largest blockchain for BUIDL after Ethereum. Across all supported networks, the fund’s total value is now about $2.87 billion, as tokenized U.S. Treasury products continue to expand within institutional digital asset markets.
Avalanche share rises sharply
RWA.xyz’s dashboard shows Avalanche now accounts for close to one-third of BUIDL’s total assets. The rise came without any change to the fund’s target value of $1 per share, indicating the move reflects growth in assets rather than a repricing of the tokenized fund share itself.
The latest network allocation data places Avalanche behind only Ethereum in BUIDL’s multi-chain footprint. BlackRock and Securitize have not publicly explained the source of the increase, so the available figures do not show whether the change came from fresh subscriptions, transfers from other chains, or a combination of both.
How BUIDL is structured
BlackRock introduced the USD Institutional Digital Liquidity Fund in March 2024 through tokenization platform Securitize. The fund invests primarily in U.S. Treasury bills, cash, and repurchase agreements, with a stated objective of generating current income while preserving liquidity and stability of principal.
Eligible investors receive tokenized shares in the fund along with daily accrued dividends, subject to transfer controls and investor eligibility rules. BNY Mellon supports fund administration across both traditional and digital systems. RWA.xyz lists a seven-day annualized yield of 3.40% and management fees ranging from 0.20% to 0.50%.
Expansion beyond Ethereum
BUIDL first launched on Ethereum and later expanded to Aptos, Arbitrum, Avalanche, Optimism, and Polygon in November 2024. It subsequently became available on Solana and BNB Chain, broadening the number of blockchain environments where approved investors can hold and transfer shares.
That multi-chain rollout has given institutions more flexibility around settlement, transfers, and on-chain access to tokenized Treasury exposure. Avalanche’s latest increase shows how quickly allocations can shift between networks as the product grows.
RWA growth and what remains unclear
Avalanche currently holds about $2.10 billion in distributed real-world asset value, up more than 58% over the past 30 days, according to the figures cited in the source report. On that basis, BUIDL represents roughly 43% of the network’s distributed asset market. Avalanche also hosts tokenized offerings from Franklin Templeton and other asset managers.
The broader backdrop is continued growth in tokenized real-world assets. The source report said the sector had crossed $29 billion by April 2026, while tokenized U.S. Treasuries expanded from about $380 million in 2023 to $13.4 billion over the same period.
Even with BUIDL nearing $2.87 billion, RWA.xyz lists only 113 holders, underscoring that the product remains concentrated among approved institutional participants rather than retail users. For now, the confirmed next step is simply further monitoring of on-chain allocations: the public data shows the size of the move onto Avalanche, but not the identities of the investors or the exact mix of subscriptions and cross-chain transfers behind it.
Source: crypto.news