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BlackRock's tokenized BUIDL fund on Avalanche doubles to $900M AUM in one week, boosting institutional interest.

Protocol Fundamentals
12 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

BlackRock's BUIDL fund, a tokenized U.S. Treasury money market fund on the Avalanche blockchain, has rapidly grown its assets under management from $464 million to over $900 million in just one week. This surge highlights increasing institutional adoption of tokenized assets on Avalanche, making it the largest tokenized treasury product on-chain and the biggest real-world asset on Avalanche. Avalanche now ranks as the second-largest blockchain for BUIDL by AUM, signaling its growing importance in institutional tokenization, second only to Ethereum. This trend may influence broader blockchain adoption and impact Ethereum markets as well.

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