BlackRock’s BUIDL token, issued in collaboration with Securitize and backed by U.S. Treasuries, has surpassed a market value of $500 million, according to Ethereum blockchain data from Etherscan. This milestone was achieved just four months after its debut in March. The rapid growth of BlackRock’s tokenized product has been driven by decentralized finance (DeFi) protocols and digital asset brokers incorporating BUIDL as a backing asset. The overall tokenized treasury market has more than doubled this year, reaching $1.8 billion as of June, with BlackRock’s offering leading the market with a 27% share.
