Overview
BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is a tokenised money market fund launched on the Ethereum blockchain in March 2024, in partnership with Securitize. BUIDL invests in cash, US Treasury bills, and repurchase agreements, with yield distributed daily as additional BUIDL tokens to holders' wallets. As the world's largest asset manager with $12.5 trillion AUM, BlackRock's commitment to on-chain fund tokenisation has catalysed broader institutional adoption and attracted over $500M in assets within months of launch. BUIDL can be held by qualified institutional and professional investors across multiple chains.
Key Products & Features
- BUIDL — USD Institutional Digital Liquidity Fund on Ethereum
- Daily yield distribution via token mechanics
- Multi-chain expansion (Aptos, Arbitrum, Avalanche, Optimism, Polygon)
- Integration with DeFi protocols as institutional-grade collateral
Why This Is NeoFi
BUIDL is definitionally NeoFi: it is a regulated, SEC-registered money market fund executing on the Ethereum blockchain (on-chain execution), investing in US Treasury bills and repos (real-world financial utility), managed by the world's largest asset manager with full institutional custody and compliance infrastructure (institutional design).
The three pillars of NeoFi:
- On-Chain Execution: All operations and settlement occur transparently on blockchain, ensuring full auditability and programmability.
- Real-World Financial Utility: Products deliver genuine value in established financial markets — lending, trading, payments, custody, or asset management.
- Institutional-Grade Design: Infrastructure meets the standards of professional finance: robust risk management, compliance frameworks, scalability, and operational resilience.