BlackRock's RWA fund is close to $3 billion, having risen 3 times in 90 days.

As of June 11, the scale of BUIDL has reached $2.89 billion, making it the largest tokenized currency market fund currently.

Source: cryptoslate

Compiled by: Blockchain Knight

BlackRock's US Dollar Institutional Digital Liquidity Fund (BUIDL) expanded by about 1 billion USD from March 26 to June 11, accounting for approximately half of the 2 billion USD growth in the tokenized US Treasury market during the same period.

According to data from rwa.xyz, as of June 11, the scale of BUIDL has reached 2.89 billion USD, making it the largest tokenized currency market fund currently, accounting for 40% of the 7.34 billion USD market.

March 26th has significant importance as it marks the day Ethena Labs ceased using the fund shares as collateral for its USD stablecoin USDtb. USDtb drove most of the growth of BUIDL in 2025, allocating 90% of its reserves to the fund, totaling 1.3 billion dollars.

Therefore, without the support of Ethena, BUIDL achieved a significant growth of 35% in less than three months, indicating a continued demand for regulated, high-yield cash instruments on public blockchains.

In addition, the fund has grown nearly three times in size since it reached $1 billion on March 13, achieving this milestone in just over a year.

However, the time taken for this scale to grow threefold was less than 90 days, indicating a surge in interest in RWA tokenization, especially the tokenization of U.S. Treasury bonds.

According to the overview from rwa.xyz, the RWA market size grew by nearly $5 billion from March 13 to June 11, with the tokenized U.S. Treasury market accounting for almost half of the global RWA market size increase.

As ETF Store CEO Nate Geraci shared on June 12, BlackRock recently announced its efforts to connect traditional capital markets "with the evolving digital asset ecosystem," currently focusing on tokenized funds.

With the growth of asset scale, BUIDL's income distribution has also continuously set new highs. The fund paid out 4.17 million dollars in March, bringing the cumulative payout to over 25 million dollars.

According to the issuer's announcement, the dividend for April increased to approximately 7.9 million dollars, bringing the total lifetime payments to over 33 million dollars.

In May, the dividends exceeded 10 million USD, with a total accumulated dividend amount of over 43 million USD since its establishment. This marks the third consecutive month of record-breaking figures.