BlackRock's tokenized fund, BUIDL, has reached $1.47 billion in assets under management (AUM) on the Ethereum blockchain, reflecting strong institutional interest in on-chain finance. The fund has added approximately $800 million in just two weeks, indicating a significant migration of institutional capital into digital assets. Total tokenized real-world assets (RWAs) have surpassed $10 billion in total value locked (TVL), marking a notable increase from $716 million in March 2024. This growth positions RWAs as the seventh largest category in decentralized finance (DeFi). BlackRock's BUIDL fund now holds approximately $1.145 billion worth of Ethereum (ETH), with recent reports highlighting its aggressive accumulation of ETH during recent price fluctuations. The fund's performance is seen as a key driver in the broader trend of institutional adoption of digital finance. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
