BlackRock’s tokenized Treasury fund BUIDL has surpassed $900 million in assets on the Avalanche network, now representing nearly one-third of its total $2.87 billion fund. Avalanche allocations surged 105% in a week, with Ethereum still leading at $1.02 billion. The fund, launched in March 2024, holds only 113 wallets, indicating large institutional allocations drove the increase. Tokenized U.S. Treasuries have become the largest real-world asset sector, growing from $380 million in 2023 to $13.4 billion by April 2026.
BlackRock BUIDL has crossed $900 million on Avalanche, marking a milestone for tokenized Treasury adoption. The fund’s Avalanche assets now form nearly one-third of its total value, according to data from RWA.xyz.
Avalanche comes in second after Ethereum, with a current valuation of $902.7 million. Ethereum leads at $1.02 billion, followed by Solana with $616 million.
The amount of BlackRock BUIDL on Avalanche increased by more than $436 million within a week, a jump of roughly 105% from the previous value. This growth shows how institutions are using public blockchains for real-world assets.
BlackRock BUIDL was established in March 2024 using the Securitize platform for tokenization. It invests in U.S. Treasury bills, cash, and repos, with the objective of generating income while preserving liquidity and principal.
In May 2025, sBUIDL, a token issued by Securitize representing a one-to-one collateral of BUIDL, became collateral on Euler. This allowed a treasury-backed asset to be used in curated DeFi lending markets.
The broader tokenized real-world assets market reached $29 billion by April 2026. Tokenized U.S. Treasuries grew from approximately $380 million in 2023 to $13.4 billion by that date.
Despite its large asset value, BlackRock BUIDL has only 113 holders, according to RWA.xyz. This suggests the recent Avalanche growth likely resulted from a few large-scale approved allocations rather than a broad investor base.
