BlackRock BUIDL Fund Generates $2.1 Million and Monthly Dividends Continue to Increase

Bittime - The BlackRock BUIDL Fund on the Ethereum network is not just eye-catching. but it has also generated impressive monthly dividends. This shows that blockchain technology can provide real benefits for investors.

Dividend BlackRock BIDL Fund Capai Record

The BlackRock USD Institutional Digital Liquidity (BUIDL) fund managed to distribute more than $2 million (Rp. 32.4 billion) in dividends in July. This is an all-time high for their monthly payments. 

According to data from Etherscan, this tokenization fund distributed $2.12 million (Rp. 34.3 billion) to investors in July, an increase of around 16% from the previous month. 

To date, BlackRock funds have paid out more than $7 million (Rp. 113.4 billion) in dividends. The dividend yield also continues to increase every month, as explained by a Securitize representative as reported by Decrypt on Thursday. Securitize is a platform that provides tokenization for these funds.

BUIDL So First Tokenized Fund on Ethereum

BUIDL is BlackRock's first tokenized fund issued on a public blockchain, launching on the Ethereum network in March. Since its launch, this fund has reached a market value of around $522 million (Rp. 8.45 trillion), based on data from Etherscan. 

When announcing the launch of the BUIDL fund, BlackRock mentioned various benefits for investors. These include "enabling the issuance and trading of holdings on the blockchain, expanding investor access to on-chain offerings, providing instant and transparent settlement, and enabling transfers between platforms."

BUIDL Becomes Highest Value Tokenized Treasury Fund

According to Securitize, BUIDL has the highest value among tokenized treasury funds. This treasury fund recorded a market value of more than $500 million (Rp. 8.1 trillion). 

Other prominent on-chain funds include Franklin Templeton's OnChain U.S. Government Money Fund (FOBXX) and Ondo Finance's USD Yield (USDY) fund.

BUIDL Dividend Yield Growth and Institutional Investor Acceptance

BUIDL's dividend yield growth comes as more institutional investors adopt tokenized money market funds. 

This is due to its better liquidity, accessibility and efficiency compared to traditional funds, according to financial services firm Deloitte. Additionally, DeFi protocols like Ondo have started leveraging BUIDL for their derivatives products.

BlackRock and Crypto ETFs

Meanwhile, BlackRock is also one of the main providers of spot Bitcoin ETFs and spot Ethereum ETFs, the latter of which began trading on July 23. 

The company's chief investment officer, Samara Cohen, mentioned earlier this week that we likely won't see additional funds based on other crypto assets in the near future.

BlackRock BUIDL Fund shows how tokenized funds can provide real benefits and efficiencies for investors, as well as how blockchain technology continues to change the global financial landscape. 

With increasing adoption from institutional investors, the future of tokenized funds seems very bright.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.