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  • Blockchain Timeline

BlackRock's tokenised fund BUIDL becomes No1 overthrowing Franklin Templeton

BlackRock's BUIDL fund, has captured almost 30% of the $1.3 billion tokenised Treasury market in just six weeks.

The fund is backed by US Treasury bills, repo agreements and cash on the Ethereum network. After seeing $70 million inflows last week, BlackRock's fund became the largest with $375 million in AUM.

Blackrock tokenised fund comparison

The increase was largely thanks to Ondo Finance who brought $50 million of inflows to BlackRock's token by leveraging it as reserve asset.


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