TL;DR BlackRock’s BUIDL fund exceeded $900 million in assets on Avalanche after growing by approximately 105% in just one week. The tokenized U.S. Treasury fund now manages around $2.87 billi
BlackRock’s tokenized U.S. Treasury fund BUIDL has crossed another milestone, with assets on the Avalanche blockchain surpassing $900 million, underscoring the growing institutional appetite for real-world assets (RWAs) on public blockchains.
Fresh data from RWA.xyz shows the Avalanche allocation more than doubled in just one week, helping lift the fund’s total assets under management (AUM) to approximately $2.87 billion.
The rapid expansion adds to evidence that tokenized Treasuries are becoming one of crypto’s fastest-growing sectors as traditional financial institutions increasingly adopt blockchain infrastructure for cash management and settlement.
Launched in March 2024 by BlackRock in partnership with Securitize, BUIDL invests primarily in short-term U.S. Treasury bills, cash and repurchase agreements while allowing qualified investors to hold fund shares on-chain. Since its debut, the product has expanded beyond Ethereum to several networks, including Avalanche, Solana, Aptos, Arbitrum, Optimism, Polygon and BNB Chain.
According to the latest RWA.xyz figures, Avalanche now hosts roughly $902.7 million of BUIDL assets, representing an increase of about $436 million, or 105%, over the past week. Ethereum remains the largest deployment with just over $1.02 billion, while Solana ranks third with more than $616 million.
Treasury Product Metrics Data | Source: RWA.XYZThe sharp rise in BUIDL assets has reinforced Avalanche’s role as one of the leading destinations for tokenized financial products.
Earlier this year, analysts noted that a major allocation into BUIDL pushed Avalanche’s total tokenized asset market above $1 billion, making it the second-largest blockchain for institutional RWAs behind Ethereum. The latest growth suggests that momentum has continued as asset managers seek networks capable of supporting compliant, high-value financial products with lower transaction costs and faster settlement.
Unlike stablecoins, tokenized Treasury funds generate yield from underlying government securities while offering investors the operational benefits of blockchain-based ownership, including near-instant transfers and continuous settlement.
The broader tokenized Treasury market has also expanded rapidly. Industry data indicates that the sector now manages well over $15 billion in on-chain Treasury assets, with BlackRock’s BUIDL remaining among the largest products globally by assets under management, having been recently made available on OKX.
The latest milestone reflects a broader shift as traditional finance firms increasingly view blockchain networks as infrastructure rather than speculative ecosystems.
Major financial institutions including Franklin Templeton, Janus Henderson, Apollo, and others have introduced tokenized investment products over the past two years, while regulators in several jurisdictions have shown growing support for real-world asset tokenization through clearer digital asset frameworks.
Market observers increasingly see tokenized Treasuries as one of the strongest use cases for blockchain technology because they combine regulated fixed-income products with programmable settlement and improved capital efficiency.
With BUIDL approaching the $3 billion mark and Avalanche emerging as one of its fastest-growing deployment networks, the data suggests institutional capital continues flowing toward tokenized government securities even as broader crypto markets experience periods of volatility. For many analysts, that trend signals that tokenization is evolving from an experimental concept into a core component of modern financial infrastructure.
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