BlackRock BUIDL breaks US$900 million on Avalanche, and demand for tokenized treasury bonds accelera

TL; DR

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TL;DR

Avalanche's position in the field of institutional tokenization has been consolidated

Institutional adoption continues to reshape the crypto market landscape

BlackRock's BUIDL fund's assets on the Avalanche chain have exceeded US$900 million, increasing by approximately 105% in just one week.

This tokenized U.S. Treasury fund currently has a total asset management scale of approximately US$2.87 billion, making it one of the largest on-chain Treasury products in the world.

Ethereum remains the chain with the largest number of BUIDL funds deployed, and Solana ranks third, reflecting the increasing adoption of tokenized assets in multi-chain environments.

This milestone highlights the accelerating interest of institutions in tokenized treasury bonds, and the adoption of real assets (RWA) continues to reshape the blockchain-based financial landscape.

BlackRock's tokenized U.S. Treasury bond fund BUIDL is a re-innovation milestone. Its assets on the Avalanche blockchain have exceeded US$900 million, which further confirms the institution's growing interest in physical assets (RWA) on the public blockchain.

The latest data from RWA.xyz shows that allocation of funds on Avalanche more than doubled in one week, pushing the fund's total asset management (AUM) to approximately US$2.87 billion.

This rapid expansion provides new evidence that tokenized treasury bonds are becoming one of the fastest growing tracks in the crypto space. Traditional financial institutions are increasingly adopting blockchain infrastructure for cash management and settlement.

The BUIDL Fund was launched in March 2024 by BlackRock and Securitize. It mainly invests in short-term U.S. Treasury bonds, cash and repurchase agreements, while allowing qualified investors to hold fund shares on the chain. Since its launch, the product has expanded from Ethereum to multiple networks, including Avalanche, Solana, Aptos, Arbitrum, Optimism, Polygon and BNB Chain.

According to the latest data from RWA.xyz, Avalanche currently holds approximately US$902.7 million in BUIDL assets, an increase of approximately US$436 million or 105% from last week. Ethereum remains the largest deployed network, with assets just over $1.02 billion, while Solana ranks third with more than $616 million.

Tokenized Treasury Bond Product Data| Source: RWA.XYZ

Avalanche's position in the field of institutional tokenization has been consolidated

The rapid growth of BUIDL assets has further consolidated Avalanche's position as one of the leading deployment platforms for tokenized financial products.

Earlier this year, analysts pointed out that BUIDL's large-scale fund allocation pushed the total market value of tokenized assets on Avalanche to exceed US$1 billion, making it the second-largest blockchain for institutional physical assets after Ethereum. The latest growth shows that the momentum is continuing as asset managers seek networks that can support compliant, high-value financial products with lower transaction costs and faster settlement speeds.

Unlike stablecoins, tokenized treasury bonds generate income through underlying government securities while providing investors with operational advantages based on blockchain ownership, including near-real-time transfers and continuous settlements.

The broader market for tokenized government bonds is also expanding rapidly. Industry data shows that the scale of on-chain treasury bonds currently managed in this field has far exceeded US$15 billion. BlackRock's BUIDL is still one of the largest asset management products in the world.

Institutional adoption continues to reshape the crypto market landscape

This latest milestone reflects a broader shift: traditional financial companies increasingly view blockchain networks as infrastructure rather than speculative ecosystems.

In the past two years, a number of large financial institutions, including Franklin Templeton, Janus Henderson, and Apollo, have launched tokenized investment products, while regulators in multiple jurisdictions have also adopted clearer digital asset frameworks, showing growing support for tokenization of physical assets.

Market observers are increasingly viewing tokenized treasury bonds as one of the most powerful use cases of blockchain technology, as it integrates regulated fixed income products with programmable settlement and greater capital efficiency.

As BUIDL approaches the $3 billion mark and Avalanche becomes one of its fastest-growing deployment networks, data suggests that institutional capital continues to flood into tokenized government securities even as the broader crypto market experiences fluctuations. For many analysts, this trend heralds that tokenization is evolving from an experimental concept to a core component of modern financial infrastructure.