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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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📅 End at: July 9, 16:00 UTC
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BlackRock BUIDL Fund distributed over $10 million in May, setting a new monthly historical high.
PANews reported on June 4 that according to Bitcoin.com reports, BlackRock's tokenized money market fund BUIDL announced a dividend of more than $10 million in May, a record high in a single month. Since its launch, the fund has paid a total of $43.4 million in dividends and currently manages $2.91 billion, maintaining its position as the world's largest tokenized money market fund. Launched by BlackRock in partnership with Securitize, BUIDL invests in U.S. Treasury bonds, cash and repurchase agreements, and issues tokens through seven blockchains such as Ethereum and Solana. In May, the Ethereum network accounted for 93.7% (about $9.37 million), and the rest of the chains together accounted for 6.3%. The fund is only open to accredited investors, with a minimum investment threshold of $5 million for individuals and $25 million for institutions, and assets are held in custody by institutions such as BNY Mellon.