BlackRock’s tokenized money market fund BUIDL tops $900M on Avalanche, boosting real-world asset use

BlackRock’s tokenized money market fund, BUIDL, has climbed past $900 million on Avalanche after adding $436 million in just one week. The latest jump pushed its total assets under management to about $2.87 billion, underscoring how quickly the fund is scaling across blockchain networks.

The surge on Avalanche stands out because it came alongside a broader rise in demand for tokenized real-world assets, or RWAs, a corner of crypto that packages traditional instruments such as cash-like funds, bonds and private credit into blockchain-based tokens. BUIDL is one of the best-known names in that market, and BlackRock’s backing has made it a reference point for institutional adoption.

A move of that size in seven days is hard to ignore. It suggests fresh capital is flowing into the product, rather than a slow drip of inflows, and it lifts Avalanche’s profile in a segment that has been competing for institutional attention with Ethereum and other networks. For Avalanche, the milestone is less about price action and more about use-case depth.

The fund’s growth also puts a spotlight on how fast the tokenized asset market has moved from a niche experiment to a measurable pool of capital. BUIDL’s roughly $2.87 billion in assets today places it among the largest tokenized funds in crypto, and its expansion on Avalanche adds another data point for chains trying to attract real-world financial products.

For traders, the next clear marker is whether BUIDL’s pace of accumulation holds after this week’s jump. If inflows keep building, it would reinforce Avalanche’s role in the RWA market. If the weekly pace cools, the latest surge may read more as a burst of demand than a lasting shift.