Dune Analytics data shows that the market value of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has topped $500 million. BUIDL became the first tokenized fund to reach the $500 milestone as a result of its growth.
BUIDL had received about $502 million in deposits as of July 8. The most recent accomplishment, according to data from Etherscan, was when Ondo Finance doubled their stake in BUIDL.
According to Crypto Briefing, Ondo's OUSG is the largest holder with $173.7 million, followed by Mountain Protocol, which backs its USDM stablecoin with BUIDL. In the meantime, about $402 in deposits have been received by Franklin Templeton's Franklin OnChain US Government Money Fund, which is symbolized by the BENJI token. The industry leader in tokenized government securities is still BlackRock's BUIDL. Within six weeks of its launch in late March of this year, the fund overtook Franklin's FOBXX to take the title of largest tokenized treasury fund globally. According to data from Dune Analytics, the entire market value of tokenized treasury funds is currently $1.67 billion, with Ethereum leading the way. The market for real-world assets, or RWAs, is expanding. RWA tokens increased by about 28% on average during the second quarter, surpassing expectations, according to data aggregator Artemis.
