BlackRock USD Institutional Digital Liquidity FundBUIDL
BlackRock / Securitize · Tokenized US Treasury
~ Yield is an indicative net estimate near the short T-bill range; the issuer's published figure is authoritative.
What it is
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized US-Treasury product from BlackRock / Securitize. Issued as a Reg D security to qualified purchasers; $5M minimum makes it institutional-only. Yield shown is indicative.
Who can buy it
Qualified / institutional only.Qualified purchasers (Reg D, via Securitize). The practical minimum is around $5M. Most of this AUM is therefore closed to ordinary retail investors — the headline tokenized-Treasury market size overstates what retail can actually access.
Underlying & redemption
Cash, US Treasury bills and triparty repurchase agreements.
Daily on-chain redemption to USDC (Circle) or wire; subscriptions via Securitize KYC.
Chains
EthereumSolanaAptosArbitrumAvalancheOptimismPolygon
How it compares to a T-bill ETF
For most retail investors the realistic alternative is a T-bill ETF you can buy in any brokerage account, with no whitelist and intraday liquidity:
| Product | Yield | AUM | Min | Retail? |
|---|---|---|---|---|
| BUIDLthis | 4.10%~ | $2.58B | $5M | Qualified / institutional only |
| SGOVBlackRock (iShares) | 4.15% | $44.00B | $100 | Retail-accessible |
| BILState Street (SPDR) | 4.05% | $35.00B | $91 | Retail-accessible |
Source: RWA.xyz · Securitize ↗ · as of May 4, 2026 · live.
General information only and not personalized financial or investment advice. Tokenized products carry smart-contract, issuer and liquidity risks that a listed ETF does not. Yields and AUM change constantly — verify with the issuer’s official disclosures before acting.