what's buidl?
BUIDL is BlackRock's tokenized U.S. Treasury fund that has grown to $1.87B AUM as of March 2025. Operating across seven blockchains including Ethereum, Solana, Avalanche, Aptos, Polygon, Arbitrum, and Optimism. The fund, launched through Securitize platform, represents the largest tokenized treasury product with 34% market share. Recent expansion to Solana and significant institutional adoption, including Ethena Labs' $225M acquisition, demonstrates growing momentum in the RWA tokenization sector. The fund invests in cash, short-term debt securities, and U.S. Treasury bonds, requiring a $5M minimum institutional investment.
Buidl surpassed $1M in dividend payouts on Ethereum and BNB Chain in December 2025.
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solana
Surpassed $1M in dividend payouts on Ethereum and BNB Chain in December 2025.
Paid out $100M in lifetime dividends, becoming the first tokenized Treasury to reach this milestone.
Reached $1.75B TVL in 2025, representing a 228% increase for the BUIDL product.
Integrated with Maple Finance's syrupUSDC and syrupUSDT yield assets across multiple DeFi protocols.
BNB Chain is now the 2nd largest blockchain for BUIDL with $500M AUM, all held by Ethena/Anchorage as collateral for USDtb stablecoin.
BUIDL has ~$1.8B market cap and remains the largest tokenized fund.
Circle's USYC is on track to overtake BUIDL as the largest tokenized fund by market cap if current growth rates sustain.
Ondo's OUSG fund with over $770M TVL includes BUIDL as a portfolio holding alongside tokenized funds from State Street, Fidelity, Franklin Templeton, WisdomTree, and Wellington Management.
BUIDL generates $6.5M in 30-day revenue with +350% YTD growth according to December 2025 RWA sector metrics.
BUIDL's market cap declined by around 28% since early November, according to Sentora/Stablewatch data.
BUIDL is the largest tokenized fund by market capitalization, ranking above competitors including USYC, JAAA, USTB, OUSG, and others.
Prime platform integrates BUIDL as 24/7 collateral alongside other tokenized treasury funds (BENJI, FDIT, JTRSY, CUMIU) from major asset managers.
Binance accepts BUIDL as collateral, adding major exchange integration to the tokenized Treasury fund.
Ethena redeems $1.3B in BUIDL following 44% decline in USDtb supply, with remaining positions distributed across Avalanche ($276M), Aptos ($262M), and Ethereum ($1.22M).
M0 governance approves BUIDL as eligible collateral for stablecoins built on the M0 platform, enabling M0 issuers to utilize the tokenized Treasury fund with $2B+ AUM as part of their collateral composition for application-specific stablecoins.
Arbitrum DAO's STEP program rotates 35M $ARB into BUIDL and other RWA assets including BENJI, USTBL and WTGXX.
BUIDL fund crosses $3B in Assets Under Management for its tokenized money-market product.
BNB Chain deployment reaches $500M+ AUM within 2 weeks of expansion, with cross-chain interoperability exclusively powered by Wormhole NTT technology.
New protocol integrations show 0.00% growth rate over the last 90 days, with institutional on-chain adoption currently stalled.
BUIDL experiences approximately $1 billion TVL decline over the past month during the first stablecoin market cap drop since summer 2023.
BlackRock's BUIDL is approved as collateral on Binance exchange.
BlackRock BUIDL operates on Sei Network with around $2.316b in total value, representing a blockchain deployment not previously reported in RWA data aggregators.
BUIDL operates on Avalanche with Tier 1 classification ($500M+) and on Solana with Tier 2 classification ($100M-$1B).
BlackRock BUIDL is on track to surpass Circle's USDC as the biggest natively minted tokenized asset on Polygon.
FalconStable adds BUIDL to its roadmap for use as collateral to mint USDF stablecoin on BNB Chain.
BUIDL's total asset value surpasses $2.5 billion as it launches on BNB Chain with Securitize tokenization and Wormhole interoperability.
BlackRock's BUIDL is now accepted as off-exchange collateral for trading on Binance and launches on BNB Chain with a new share class.
EntropyAdvisors report on Arbitrum's treasury shows 47 basis point spread between tokenized T-bill providers, with recommendation to trim BUIDL holdings and reallocate to better performers at next annual allocation.
BUIDL underperforms other tokenized T-bills materially, and USDtb (wrapping BUIDL) faces low demand due to additional fees and counterparty risk.
SolvProtocol integrates BUIDL into its BTC+ one-click vault for institutional strategies including on-chain credit, liquidity provisioning, and real-world assets, secured by Chainlink Proof of Reserve.
BUIDL ranks as the 5th largest tokenized asset by market cap on Solana and shows growth momentum.
BlackRock's BUIDL surpasses $250M in real world assets on Solana, up from $175M at Q3 close.
RWA on Aptos grows 69% in 30 days with BlackRock's BUIDL about to overtake USDT as the largest RWA asset on the network.
BlackRock's BUIDL holds 33% market share of tokenized Treasurys, while exchanges apply 10% haircuts on these assets compared to 2% in traditional repo markets.
Franklin Templeton's BENJI Fund goes live on Aptos, joining BlackRock's BUIDL ($544M) and expanding the RWA ecosystem with Berkeley Square's BSFG portfolio tokens, Ondo's USDY, and Apollo's ACRED, with the network hosting over $1B in stablecoin liquidity.
The AUM of BlackRock BUIDL increases by approximately 10x on Avalanche and Polygon over the past two weeks.
BlackRock's BUIDL reaches $175M on Solana at Q3 close with 768% quarter-over-quarter growth, leading RWA expansion on the network to $682M total.
Aptos RWA value reaches new all-time high of $1.22B in October, driven by BlackRock BUIDL fund deposits.
BlackRock's BUIDL fund totals $2.9B with Avalanche ($554M), Aptos ($544M), and Polygon ($530M) each showing increased deposits beyond the initial $500M migrations reported on October 29.
Terminal Finance accumulates $280M in pre-deposits across 10,000 wallets ahead of its December launch as the main DEX of the Ethena ecosystem.
BUIDL supply on Ethereum drops from $2.49B to $991M as Ethena/Anchorage migrates $1.5B (82% of USDtb collateral) to Aptos ($500M), Polygon ($500M), and Avalanche ($500M).
USDtb, the tokenized BlackRock BUIDL fund, will be available for spot trading on Terminal Finance DEX alongside ETH and BTC as the platform prepares to launch.
$500M tokenized into BlackRock's BUIDL fund on Avalanche, making Avalanche 4th by RWA TVL among chains.
BlackRock deposits $500M to Polygon for their BUIDL fund.
BlackRock's BUIDL has $175M+ deployed on Solana, representing over 25% of the blockchain's total $700M RWA market.
BlackRock's BUIDL fund reaches $2.8B AUM across 7 blockchains, with Wormhole and Securitize powering the multichain infrastructure.
Aptos becomes the 2nd biggest deployment for the BUIDL fund, with Securitize handling tokenization and Wormhole enabling asset interoperability.
$500M of BlackRock's BUIDL has been deployed on Aptos.
LP snapshot scheduled for October 25, 02:00 UTC with Tier 1 requiring $3,000 minimum across SUI–USDC, xSUI–SUI, LBTC–wBTC, or suiUSDT–USDC pairs to earn 2× Brick Points boost.
Sale closes October 22 with up to $150+ guaranteed allocation per participant, as MMT Finance reaches $550M TVL and $900M in volumes.
Buidlpad community distribution occurs October 27-28, with allocations determined by platform participation instead of private rounds.
30% of the token sale is reserved for creators rather than whales, with team-based participation allowing up to 10 invite codes per inviter and up to 5 tweet submissions per creator, explicitly excluding AI-generated content.
MMT Finance has $100M backing from OKX Ventures, Circle, and Coinbase Ventures. Buidlpad projects receive listings on Upbit exchange.
Partnership announced with 5 projects to distribute 1,000 Deed NFTs through a Galxe campaign on Buidlpad, with Lombard Finance pathway requiring 0.0002 BTC stake on SUI and $10 liquidity addition on Momentum.
Title Deed NFT campaign distributes 15,000 NFTs to those building and contributing to MMT Finance.
MMT Finance community campaign for token sale runs until October 22 on Buidlpad, with participants eligible for guaranteed $150+ undiluted allocations through team-based content creation judged on quality (60%) and engagement (40%).
MMT Finance reports $550 million in total value locked (TVL) alongside previously reported metrics.
MMT Finance token sale on Buidlpad targets $4.5 million raise with 100% token unlock at TGE. MMT Finance reports $18B trading volumes and 2.1+ million active users.
KYC for Momentum Finance $MMT token sale on Buidlpad opens October 22, requiring Palau ID verification.
BlackRock's BUIDL fund AUM is approximately $1.8 billion less than Maple Finance's $4.5 billion onchain AUM, placing it at roughly $2.7 billion.
RedStone delivers price feeds for BUIDL across 20+ chains, expanding oracle infrastructure support.
Up to 30% of total sale allocation reserves for content creators and community contributors with submissions opening October 15-22, 2025, offering minimum $150 guaranteed allocation for approved creators. Pre-market trading shows $800M FDV valuation.
MMT Finance records 8x TVL growth from $65M in May to over $550M currently and achieves $24M yearly revenue run-rate.
The $MMT token sale launches on BuidlPad with a $4.5M cap and $250-350M valuation, featuring full token unlock at TGE with no vesting period.
BUIDL tokenized fund records $620m in netflow, with BlackRock and Sei Network collaboration driving RWA activity on the Sei blockchain.
The staking event originally scheduled to end October 19 has been postponed to October 25, providing additional time for liquidity farming participation and ICO allocation farming.
The $MMT token TGE is approaching soon.
The MMT Finance HODL Yield Campaign ends October 19, offering 2× Bricks rewards for LP providers across specific pairs (SUI-USDC, suiUSDT-USDC, LBTC-wBTC, xBTC-wBTC, xSUI-SUI) with additional benefits including lower FDV and priority spots if Momentum launches its token sale.
BUIDL becomes the top tokenized treasury product by size, now larger than the next three competing products combined.
Buidlpad is hiring a remote Marketing Manager for Korea with a salary range of $36K-60K, indicating team expansion and geographic focus on the Korean market.
Fund on Solana experiences 600% growth in 2-week period, indicating rapid expansion on the chain.
Momentum launches HODL Yield Campaign on the platform, offering a new yield opportunity for users.
The fund has delivered over $78M in cumulative dividends since launch, with $7.3M+ distributed in September alone.
Solana emerges as the second-largest chain by AUM for the fund, following Ethereum.
The FalconStable airdrop has been distributed, delivering 150x returns to buidlpad investors while KaitoAI stakers also received tokens.
Buidlpad hosts a new campaign for MMT Finance offering strong APYs ahead of MMT's token generation event.
Live integration with Ripple's RLUSD stablecoin now enables instant onchain movement from RWAs to RLUSD, adding new utility for the tokenized treasury product through a partnership with Ripple.
The $2 billion fund may soon expand to XRP Ledger, marking a potential new blockchain integration beyond its current chains.
RLUSD liquidity now available to BUIDL holders through Securitize partnership with VanEck VBILL, linking tokenized securities with tokenized dollars.
FalconStable subscriptions surpass $100M milestone on buidlpad platform.
Subscriptions for FalconStable reach $95M, achieving an ATH on buidlpad as the contribution period enters its final 6 hours.
FalconStable reaches $80M in subscriptions with 7 hours remaining in the contribution window.
The $FF presale shows over 1,500% oversubscription with the contribution window closing in under 3 hours and 100% token generation event planned.
A 24-hour contribution window is currently active and requires immediate participation.
Staking for FalconStable reaches $33M, up from the previously reported $20.9M.
FalconStable's $FF token sale ends September 19 with $4M target and immediate unlock, requiring registration by September 28 for claims distributed to Falcon Miles, Top 200 Yap2Fly, and KaitoAI token holders.
The staked amount for FalconStable has surged to $20.9M across 7k wallets, a significant increase from the previously reported $6.85M, with the KYC deadline ending today.
Lombard Finance, a previous project on the platform, is reportedly getting listed on Binance. The platform is also hiring a Marketing Manager for Korea ($36K-60K) showing geographic expansion efforts.
$6.85M has been staked for the FalconStable community sale, with participants earning 2x Miles daily and up to 60x Miles booster maximum. The platform is facilitating a $4M community sale for FalconStable's $FF token with $6.85M already staked, demonstrating continued strong user demand and platform activity. The sale features 100% unlock at TGE with a snapshot scheduled for September 19th.
An AMA for the Korean community is scheduled to discuss a sale and Korean community growth initiatives.
FalconStable ($FF) snapshot is scheduled for September 19 at 11:59 AM UTC with Tier 1 allocation at $350M valuation, requiring USDf or sUSDf staking for participation with the window still open but closing soon.
The platform processes a $94.7M fundraise for $BARD with 14x oversubscription, marking the largest raise to date. Platform facilitated a $94.7M fundraise that was 14x oversubscribed, indicating high user demand and platform success.
FalconStable launches as the fourth project on the platform with a community sale starting on the 16th, raising $4M at $350-450M FDV with $4,000 per account limits and no token lock-up. The platform's track record shows previous projects achieved 8.7x returns (Solayer), 2.5x returns (Sahara), while Lombard just completed its fundraising phase.
The company is hiring a remote Marketing Manager for Korea with a salary range of $36K-60K, indicating expansion into the Korean market.
Launches on the platform are achieving 1bn+ FDV with Binance and Upbit listings, positioning it as one of only two live launchpads on the USD1 network.
New $39/year Emerald Card subscription launches with Emerald Points rewards, launchpad access, partner airdrops, and 60% hotel discounts worldwide.
Lombard Sale reaches 66% of $6.75M target with $4.47M raised.
New DeFi product Horizon enables repo-like economics for RWA holders, expanding yield opportunities in the ecosystem.
Emerald Card holders receive whitelist access for upcoming $BARD token sale with card benefits including 150M+ merchant locations and hotel discounts.
Active phishing scam using 'buildpad' domain targets users, draining wallets on first signature with confirmed $36k loss case.