BlackRock’s Ethereum-native tokenized money market fund, the BUIDL fund, has surged over three times in value in the past three weeks, increasing from $615 million to approximately $1.87 billion. This growth reflects a shifting interest towards safer digital assets due to Bitcoin’s stagnation in momentum. Edwin Mata, CEO of Brickken, notes that the recent clarity in regulatory frameworks in the US is bolstering institutional appetite for tokenized real-world assets (RWAs). The total value of tokenized RWAs is close to surpassing $20 billion, highlighting a growing trend in institutional finance viewing tokenized assets as a bridge to decentralized finance (DeFi). Experts predict that with increasing participation from major financial institutions like BlackRock and JPMorgan, the total value locked (TVL) in on-chain RWAs may reach $50 billion by 2025. This indicates a significant potential for growth in the nascent sector as investors seek predictable yields from digital asset investments.

Source 🔗