About BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
About BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund designed to provide institutional investors with a digital cash management solution. Backed by low-risk assets such as U.S. Treasury bills, BUIDL tokens maintain a stable value of $1 and earn daily interest paid in USDC.
What Makes BUIDL Unique?
BUIDL combines the security and regulatory oversight of a traditional money market fund with the efficiency and accessibility of blockchain technology. It allows qualified institutional investors to hold and transact digital cash with fast settlement, transparency, and on-chain programmability.
How Does BUIDL Work?
The fund issues tokens on multiple blockchains including Ethereum, Avalanche, and Polygon. These tokens represent shares in the underlying fund, which invests in high-quality short-term debt. Investors must undergo KYC and use whitelisted wallets to comply with regulatory requirements.
Who Created BUIDL?
BUIDL is managed by BlackRock, one of the world’s largest asset managers, leveraging its expertise in institutional cash management combined with blockchain innovation.
What Is BUIDL Used For?
BUIDL tokens provide a stable digital cash alternative for institutions, enabling seamless integration with decentralized finance applications, collateral use, and efficient treasury management on-chain.
How to Store BUIDL Safely
BUIDL tokens can be stored in compatible wallets supporting Ethereum, Avalanche, or Polygon networks. It is important to keep private keys and recovery phrases secure.