BlackRock’s BUIDL fund explained: Why it matters for crypto and TradFi

Date: 2025-04-05

What is BlackRock’s BUIDL fund? BlackRock USD Institutional Digital Fund, BUIDL, is BlackRock’s first tokenized money market fund. It enables these traditional financial products to be traded as cryptographic tokens on blockchains. A money market fund is a mutual fund that invests in high liquidity, short-term debt instruments. These funds aim to provide investors with a place to park money temporarily, returning a level of income without massive capital appreciation. They typically include cash, cash equivalents and high-credit rating debt securities like US Treasurys.Blackrock is the world’s largest asset manager. It now provides blockchain-based money markets via blockchains like Solana and Ethereum. Essentially, the firm has taken the i...

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