BlackRock's BUIDL fund surges past $900M on Avalanche

BlackRock's tokenized money‑market fund BUIDL, launched in March 2024, saw its Avalanche‑based holdings exceed $900 million after a $436 million inflow in one week, a growth of about 105 %. The fund’s total assets under management now approach $2.87 billion, making it one of the largest on‑chain U.S. Treasury‑linked products.

Chronicle Protocol has added its Proof of Asset verification layer to BUIDL, providing real‑time, on‑chain attestation of the fund’s holdings, custody and valuation. The upgrade is intended to give institutional investors continuous auditability of the $1.7‑$2.5 billion managed by the fund and could set new standards for transparency in the tokenized real‑world asset market.