March 26, 2:36 PM UTC: This article has been updated to include the quotation from the Brickken CEO Edwin Mata.
Blackrock’s Ethereum Native tokenized Money Market Fund has more than three times more than $ 2 billion in demand for safe digital assets over the past three weeks.
According to the Token Terminal data shared by Leon Waidmann, the research director of Onchain Foundation, the web3 Intelligence platform, Blackrock’s USD Digital Liquidation Fund (BUIDL) is $ 660 million to $ 1.88 billion over the past three weeks. It has increased more than three times.
Blackrock Buidl Capital was placed by a chain. Source: Token Terminal, Leon Wideman
In the X POST on March 26, the researcher said, “BUIDL Fund tvL has exploded at $ 615m → $ 1.87B in just three weeks. Tokens are being hit faster than realizing most of them.
Blackrock’s buidl Fund is part of the RWA (Rere World Asset) tokenization sector, and financial products and tangible assets such as this real estate and art are public assets for blockchains.
According to EDWIN MATA, co -founder and CEO of the European RWA platform, the surge in the BLACKROCK fund is increasing the institutional appetite for tokenized RWA due to more regulatory clarity.
“The United States is seeing a remarkable transition to a more encrypted regulatory environment,” the CEO added:
“The SEC has recently signed several investigations without execution, including things related to immutable, coinbase and Kraken.
relevant: The encryption market will put pressure on the trade war by April: Analysts
BLACKROCK launched BUIDL in March 2024 with a partnership with a token shoe platform. In a recent property report, the chief operating officer of Michael Sonnenshein said the fund aims to make offChain assets “conservatives.”
RWAS has reached a new cumulative record of more than $ 17 billion on February 3 after Bitcoin (BTC) decreased to less than $ 100,000 on February 3.
relevant: Redeemed Arc in 2024: Ripple’s Victory, Memecoins’rise, RWA Growth
RWA is close to $ 20B due to lack of exercise in Bitcoin.
According to RWA.XYZ’s data, the total value of Onchain RWAS is less than 0.5% more than surpassing $ 20 billion and the total cumulative value is $ 1957 billion.
RWA Global Market Dashboard. source: rwa.xyz
According to Alexander Loktev, the chief profit manager of P2P.ORG, RWAS will increase to the new all -time high to attract investors in 2025 due to the lack of momentum of Bitcoin.
Loktev said to Cointelegraph, “I think it has been $ 50 billion on TVL, given the recent movement of major financial institutions, especially the tokenization of Blackrock and JPMORGAN.
Tradfi agencies are starting to see the tokenized assets driven by institutions led by institutions looking for “predictable yields” as a serious bridge of Defi, Loktev added.
https://www.youtube.com/watch?v=tyo993T72ms
magazine: Ripple is a SEC lawsuit ‘OVER’, ‘DAS’s Trump et al.: Hodler’s Digest, March 16-22