BlackRock's BUIDL fund has invested $2.7 billion in the Ethereum ecosystem.

According to TechFlow news on May 5, reported by Tokocrypto News, the tokenized money market fund BUIDL (USD Institutional Digital Liquidity Fund) of the world's largest asset management company BlackRock has reached an investment scale of approximately 2.7 billion USD in the Ethereum ecosystem, accounting for 92% of its total assets.

The fund was launched in March 2024, with its asset size rapidly growing from an initial $667 million to its current $2.7 billion. BUIDL is a tokenization money market fund that provides institutional investors with investment opportunities in liquid assets such as U.S. Treasury bonds and repurchase agreements, with each BUIDL Token pegged to the dollar at a 1:1 ratio.

In addition to Ethereum, BlackRock has also expanded BUIDL to seven blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon for better efficiency and scalability.