BlackRock — BUIDL and the Institutionalization of Tokenized Finance
The world's largest asset manager at $11.5T AUM launched BUIDL in March 2024, crossing $2.5B in tokenized Treasury assets by February 2026.
Real-World Assets (RWA)
Real-world assets (RWA) are physical or traditional financial assets — real estate, bonds, commodities, private equity, art — that have been tokenized and represented on a blockchain, enabling on-chain ownership, transfer, and programmable yield.
Tokenized Treasuries
Tokenized US Treasuries are blockchain representations of US government bonds or money market funds backed by Treasuries, totaling $9B+ AUM across 15+ products as of early 2026 — the fastest-growing category in tokenized real-world assets.
Tokenized US Treasuries Tracker
Tracking every tokenized US government fund — BlackRock BUIDL, Franklin FOBXX, Ondo OUSG, Superstate, and competitors — with live AUM, yield, and platform data.