This new index market provides unprecedented on-chain access to the BUIDL Fund through innovative financial instruments.
This is the first index of its kind that tracks the supply of the BUIDL Fund. Let’s discover more about this important news for Injective.
Injective Unveils On-Chain Index for BlackRock’s BUIDL Fund
The BUIDL Fund, also known as the BlackRock USD Institutional Digital Liquidity Fund, represents BlackRock’s first foray into tokenized funds on a public blockchain. The fund is designed to offer holders yields in U.S. dollars. With each BUIDL token maintaining a stable value of $1.
This Fund is composed of cash, U.S. treasury bills, and repurchase agreements. This will ensure stable and secure returns for its investors. Token holders benefit from a daily accruing dividend, which is paid out monthly. This will enhance the attractiveness of the fund to institutional investors.
Source: X
Injective’s new BUIDL Index will be exclusively accessible through various dApps. on the Injective platform, such as Helix. This integration offers users an efficient gateway to the tokenized fund, featuring some of the lowest fees and fastest transaction speeds available in the crypto space.
More About Injective’s BUIDL Tokenized Index
The $BUIDL token maintains a stable value of $1 per token, providing a reliable and predictable investment vehicle. Token holders receive a daily accruing dividend, paid out monthly, enhancing the attractiveness of the fund. The BUIDL Fund’s yield is generated from a diverse portfolio including cash, U.S. treasury bills, and repurchase agreements.
Source: X
Finally, recent data from the real-world asset analytics platform RWA_xyz shows that the BUIDL Fund has amassed over $500 million in assets under management, establishing it as the largest tokenized fund to date.
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