BlackRock’s tokenized money-market fund BUIDL has surpassed $900 million in assets on Avalanche, more than doubling in a week and strengthening the network’s position in the fast-growing market for tokenized real-world assets.
According to RWA.xyz data cited by market reports, the Avalanche allocation of BlackRock’s USD Institutional Digital Liquidity Fund climbed from about $464 million to more than $900 million in seven days, a weekly increase of roughly 105%. The surge added about $436 million to BUIDL’s Avalanche balance and lifted the chain’s share of the fund to nearly one-third of total assets.
BUIDL’s total asset value now stands at about $2.87 billion, making it one of the largest tokenized U.S. Treasury products in the market. The fund, issued through Securitize, is designed for qualified institutional investors and seeks current income while maintaining liquidity and stability of principal. It holds short-duration U.S. Treasury bills, cash and repurchase agreements, with each token intended to maintain a $1 net asset value.
The growth on Avalanche is notable because BUIDL initially became closely associated with Ethereum after its launch in March 2024. Its expansion across multiple blockchains, including Avalanche, Solana and BNB Chain, shows how institutional tokenized funds are becoming more chain-agnostic as issuers and investors look for faster settlement, lower transaction costs and broader DeFi integration.
Avalanche Gains RWA Momentum
Avalanche’s rapid BUIDL growth reinforces its role as one of the leading networks for institutional tokenization. The chain has positioned itself around customizable blockchain infrastructure, enterprise adoption and real-world asset issuance, giving asset managers and fintech companies a way to build dedicated environments while still connecting to public crypto liquidity.
The fund’s increase on Avalanche also reflects broader demand for tokenized Treasury exposure. In a market where crypto returns have weakened and stablecoin supply has recently contracted, tokenized money-market funds offer institutions a blockchain-native way to hold yield-bearing dollar assets. These products can serve as collateral, settlement instruments or cash-management tools across onchain financial applications.
BUIDL’s scale matters because it brings traditional asset-management credibility to tokenized finance. BlackRock is the world’s largest asset manager, and its involvement has helped validate the idea that public blockchains can support regulated financial products rather than only speculative tokens. Securitize’s role as the fund’s transfer agent and tokenization platform also gives the product a regulated framework for onboarding qualified investors.
Avalanche’s rising share of BUIDL assets may also influence where developers build RWA applications. Liquidity tends to attract more integrations. If tokenized Treasury balances continue to grow on Avalanche, lending protocols, collateral platforms and institutional DeFi products may have stronger incentives to support the chain.
Tokenized Treasuries Enter Competitive Phase
The milestone comes as tokenized real-world assets become one of crypto’s strongest growth themes. Treasury-backed tokens have attracted demand because they combine dollar stability, yield and blockchain settlement. They also give crypto-native firms an alternative to idle stablecoin balances, especially when interest rates remain high enough to make short-duration government debt attractive.
Competition is intensifying. Franklin Templeton, Ondo Finance, Superstate and other issuers have all expanded tokenized Treasury or money-market products, while chains compete to host institutional liquidity. For blockchains, attracting tokenized funds is becoming a credibility test. Networks that can support regulated assets, reliable settlement and institutional integrations may gain an advantage over chains driven mainly by retail trading.
The broader market impact is structural rather than immediate. BUIDL’s growth on Avalanche is unlikely to move crypto prices directly, but it signals that tokenized finance is becoming more practical and more distributed across chains. Instead of one dominant settlement venue, institutions may use multiple networks depending on cost, compliance, speed and application demand.
The key question is whether BUIDL’s Avalanche growth represents a temporary allocation shift or the start of a larger migration of institutional tokenized assets to the network. If balances remain above $900 million and continue rising, Avalanche could become a central venue for tokenized cash and collateral markets.
For now, BlackRock’s BUIDL surge shows that tokenized Treasuries remain one of crypto’s clearest institutional use cases. As the fund approaches $3 billion in total assets and Avalanche captures a growing share, the RWA market is moving from experimentation toward competitive infrastructure.
