The Secret Behind BlackRock Tokenized MMF's 8-figure AUM Surge
- Harvey
- Mar 18
- 6 min read
Updated: Mar 23
Last week, BlackRock’s tokenized money market fund (MMF), BUIDL, surged past the $1 billion mark—a defining moment in the onchain financial revolution. Launched on 21 March 2024, BUIDL wasn’t just another product; it was a signal. A starting gun for traditional asset managers to storm the onchain space.
Excellent news article headline.
But the real insight? It’s not in the mainstream media headlines or crypto media soundbites.
It’s time to get granular and dive under the surface.
Consider this:
On Feb 28, BUIDL’s AUM stood at $620M.
By March 17, it exploded to $1.24B.
That’s a $620M+ influx in just over two weeks.
That’s a $620M+ influx in just over two weeks - the largest capital flow in onchain tokenized MMF history. Given that BUIDL is only open to KYC'ed investors, the sources of these capital inflows would be highly valuable targets for any and all tokenized financial product distributors.
Where did that money come from?
Why are they deploying the funds now?
How much more dry powder is left?
What are the implications for broader onchain finance?
This week, I’m peeling back the layers of onchain capital flows, the largest onchain capital allocation flow, revealing the secrets behind this 8-figure AUM surge and what it means for the broader market.
Want to read more?
Subscribe to tokenizationinsight.com to keep reading this exclusive post.