BlackRock's BUIDL Continues to Lead Tokenised Treasury Market

The BlackRock USD Institutional Digital Liquidity Fund, better known by its BUIDL ticker, has retained its lead among on-chain tokenised money-market funds. Total assets under management, tracked by RWA.xyz, have continued to grow across supported networks.

Franklin Templeton's OnChain US Government Money Fund and Ondo Finance's OUSG remain notable competitors, together forming the core of what is now an established tokenised Treasury segment. Yields on these products broadly track short-dated US Treasury rates.

Institutional users typically access BUIDL through Securitize, which handles onboarding and compliance workflows.