Gate News bot news, BlackRock’s US Institutional Digital Liquidity Fund (BUIDL) saw its market size increase by approximately 1 billion USD from March 26 to June 11, accounting for about half of the 2 billion USD increase in the US tokenization Treasury market during the same period.
According to data from rwa.xyz, as of June 11, the scale of BUIDL is $2.89 billion. It is the largest tokenized currency fund, accounting for 40% of the $7.34 billion market.
March 26 is a significant benchmark because Ethena Labs ceased increasing its holdings in the fund to support its USDtb stablecoin on this day. In 2025, USDtb drove most of the growth of BUIDL, allocating 90% of its reserves to the fund, totaling $1.3 billion.
Therefore, without the push from Ethena, BUIDL achieved a significant growth of 35% in less than three months, indicating a sustained demand for regulated high-yield cash instruments on public chains.
In addition, since reaching 1 billion dollars on March 13, the fund has grown nearly threefold, achieving this milestone in just over a year.
It is worth mentioning that the fund’s size grew threefold in less than 90 days, indicating a surge in interest in RWA tokenization, particularly in tokenized U.S. Treasury bonds.
Source: CryptoSlate
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