BlackRock's BUIDL on Avalanche tops $481M, surpassing $422M on Ethereum
- —Avalanche holds $481.81M of BUIDL; Ethereum holds $422.72M
- —The BUIDL fund totals $2.17 billion in assets
- —The fund invests in US Treasury bills, cash and repo agreements
- —Securitize is tokenization agent, BNY Mellon is custodian
Why it matters: The largest asset manager is moving tokenized funds multi-chain, strengthening Avalanche and Solana's role in the RWA market.
Source: TronWeekly