BlackRock's BUIDL Reclaims Top Spot as Largest Tokenized Treasury Fund

BlackRock's BUIDL fund has seen its assets under management climb to approximately $2.8 billion, surpassing Circle's USYC to become the largest tokenized U.S. Treasury product. BUIDL now accounts for 18.5% of the $15.1 billion tokenized Treasury market. Launched in March 2024 and managed by Securitize, the fund operates across eight blockchains, including Ethereum, Solana, Aptos, and BNB Chain. It maintains a target net asset value of $1 per token and distributes daily yields through a rebalancing mechanism. After being briefly overtaken by USYC in March 20