BlackRock has hit the milestone less than four months after the launch of BUIDL in April.
The BlackRock USD Institutional Digital Liquidity Fund has reached a $500 million market cap — making it the first tokenized treasury fund to reach the milestone.
Launched less than four months ago, BlackRock BUIDL, currently holds $502.8 million worth of tokenized treasurys, according to Ethereum block explorer Etherscan.
The milestone was reached after real-world asset tokenization firm Ondo Finance bought more BUIDL, which it uses as a backing asset for its OUSG token.
