Blackrock's on-chain tokenized assets reach $2.93 billion, with Ethereum accounting for $1.1 billion

Odaily Odaily reports that Blackrock currently manages $2.93 billion in on-chain tokenized assets, with Ethereum leading at $1.1 billion, ahead of Avalanche, Solana, and BNB Chain. Its main on-chain assets are concentrated in the Blackrock USD Institutional Digital Liquidity Fund (BUIDL). Launched in 2024 by Blackrock and the issuance platform Securitize, the fund holds cash, U.S. Treasury bonds, and repurchase agreements, representing investor shares in the form of blockchain tokens. BUIDL has expanded from Ethereum to eight networks, including Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain. Additionally, on May 8, Blackrock filed with the SEC to launch two new tokenized money market funds, BSTBL and BRSRV, targeting stablecoin issuers and holders. (Bitcoin.com News).