The brief

Analyst view

• BlackRock manages $150B in digital markets: BUIDL ($2.8B), $65B stablecoins, $80B digital ETPs.
• BUIDL is the largest tokenized Treasury fund, 40% market share, on 8 blockchains.
• CEO Larry Fink projects $500M annual revenue from digital assets by 2030.

Technical approach

As reported

Permissioned tokenization

Private ERC-20 on multiple chains

BUIDL is deployed on Ethereum, Solana, Polygon and others. Whitelisted institutions only.

Custody model

BNY Mellon + Securitize

Treasuries at BNY Mellon. Securitize runs transfer agent, KYC, and on-chain whitelist.

Dividend distribution

Daily accrual, monthly minting

Daily interest on holdings. Monthly: new tokens minted and distributed as dividends.

Multi-chain reach

Same fund, 8 blockchains

Deployed on major L1s and L2s for accessibility with unified custody and compliance.

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