BlackRock’s BUIDL Fund Hits $900M on Avalanche

According to data from RWA.xyz, the fund’s total value across all supported networks now sits at approximately $2.87 billion. With this latest expansion, Avalanche accounts for nearly one-third of the total fund, securing its position as the second-largest network for BUIDL behind Ethereum. The surge arrives as BUIDL—launched in March 2024 through the Securitize platform—continues to attract qualified purchasers seeking stable, on-chain yields from U.S. Treasury bills and repurchase agreements.

While the influx of capital on Avalanche is significant, the fund remains exclusive. With only 113 holders reported, the growth suggests substantial moves by a few institutional actors rather than a broad retail adoption. BlackRock and Securitize have not disclosed the source of the new capital, leaving it unclear whether the spike stems from fresh subscriptions or internal transfers between chains. Regardless of the origin, the move underscores the expanding footprint of tokenized real-world assets, a sector that has seen dramatic growth as institutional interest in on-chain yield and settlement efficiency continues to accelerate.