BlackRock USD Institutional Digital Liquidity Fund
BUIDL
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a Tokenized US Gov MMF issued by BlackRock / Securitize. It provides institutional investors with on-chain exposure to us treasury bills, repo, and cash, combining the safety profile of traditional fixed-income instruments with the settlement efficiency of tokenized assets.
Treasury Overview
| Symbol | BUIDL |
| Issuer | BlackRock / Securitize |
| Category | Tokenized US Gov MMF |
| Underlying | US Treasury bills, repo, and cash |
| Credit Rating | AAAm |
| Liquidity | medium |
| Current APY | 3.54% |
| Total Value Locked | $830.5M |
| Data as of | 2026-05-07 |
Collateral & Underlying Assets
US Treasury bills, repo, and cash. Treasury bills are short-duration, zero-coupon US government securities with maturities up to one year. They are backed by the full faith and credit of the US government and are considered among the safest instruments globally.
Risk Analysis
Credit Quality
AAAm is the highest rating assigned to money market funds by major rating agencies such as S&P Global. It indicates exceptional credit quality, superior capacity to maintain a stable NAV, and minimal credit and market risk.
Liquidity Risk
T+1 or periodic settlement. Redemptions may take 1–2 business days or be subject to periodic windows. Suitable for reserves not needed on an intraday basis.
Yield Analysis
Current APY
3.54%
Total Value Locked
$830.5M
Source: DeFiLlama / RWA.xyz. Yields are variable and reflect recent on-chain data. Past performance is not indicative of future results.
Duration & Rate Sensitivity
Very low — near-zero duration means minimal sensitivity to interest rate movements. NAV is highly stable even in rising-rate environments.
Key Insights
- –Institutional-only
- –$5M minimum
- –yield accrues daily as new tokens
Issuer & Provenance
BUIDL is issued and managed by BlackRock / Securitize. Risk profile and collateral data was last verified on .
Issuer disclosure ↗