BlackRock's BUIDL USD Institutional Digital Liquidity Fund has achieved a significant milestone on Avalanche, crossing $900 million after adding $436 million in just one week. According to the latest RWA.xyz figures, this represents a 105% weekly increase from the fund's previous position of approximately $450 million. The fund's total asset under management (AUM) now stands at about $2.87 billion across all supported networks, making it one of the world's largest on-chain Treasury products. However, the $900 million figure specifically refers to BUIDL's Avalanche allocation, not the fund's full multi-chain supply, as noted by Wu Blockchain on July 12, 2026.
According to the latest RWA.xyz data, Ethereum remains the largest BUIDL deployment with just over $1.02 billion, while Solana ranks third with more than $616 million. Avalanche now hosts roughly $902.7 million of BUIDL assets, representing an increase of about $436 million over the past week. The sharp rise in BUIDL assets has reinforced Avalanche's role as one of the leading destinations for tokenized financial products. Earlier this year, analysts noted that a major allocation into BUIDL pushed Avalanche's total tokenized asset market above $1 billion, making it the second-largest blockchain for institutional RWAs behind Ethereum. The choice of Avalanche matters strategically, as the chain has been positioning its subnet architecture for institutional and tokenized-asset use, giving Avalanche one of the larger single tokenized-fund balances outside Ethereum.
According to AMBCrypto analysis, BlackRock BUIDL leads the real-world asset sector with $3.42 billion in total value locked (TVL), followed by Circle's USYC at $3.00 billion. Interestingly, Tether Gold (XAUT) now ranks third at $2.87 billion, suggesting on-chain gold demand remains strong even as spot gold prices weaken. Supporting this trend, tokenized Gold XAUa has surpassed $1 million in trading volume on the XRP Ledger. This inverse move between falling spot gold prices and rising on-chain gold activity indicates capital rotation beyond the traditional BTC/XAU trade, with investors moving exposure onto blockchain rails. The broader tokenized Treasury market now manages well over $15 billion in on-chain Treasury assets, with BlackRock's BUIDL remaining among the largest products globally by assets under management.
BUIDL was launched in March 2024 through tokenization platform Securitize, investing primarily in U.S. Treasury bills, cash, and repurchase agreements. The fund reports a net asset value of $1 and offers a seven-day annualized yield of 3.40% with management fees ranging from 0.20% to 0.50%. As reported by Crypto.news, the fund has expanded across multiple blockchains including Ethereum, Aptos, Arbitrum, Avalanche, Optimism, Polygon, Solana, and BNB Chain. BNY Mellon supports the fund's administration across both digital and traditional systems. Unlike stablecoins, tokenized Treasury funds generate yield from underlying government securities while offering investors the operational benefits of blockchain-based ownership, including near-instant transfers and continuous settlement. The fund has also entered decentralized finance on Avalanche, with sBUIDL becoming collateral on Euler in May 2025, allowing eligible users to borrow USDC or AUSD against the asset through curated lending markets.
Despite its significant growth, BUIDL remains concentrated among a limited number of 113 approved holders as reported by RWA.xyz, reflecting its focus on qualified purchasers rather than broad retail access. The latest Avalanche increase most likely reflects one or a few sizable subscriptions, plus possible bridging of existing BUIDL supply from another chain into Avalanche's version through Securitize's infrastructure. Tokenized money-market funds are concentrated instruments, where the same feature that lets them grow fast also lets them shrink fast when a large holder exits. With BUIDL approaching the $3 billion mark and Avalanche emerging as one of its fastest-growing deployment networks, the data suggests institutional capital continues flowing toward tokenized government securities even as broader crypto markets experience periods of volatility. For many analysts, this trend signals that tokenization is evolving from an experimental concept into a core component of modern financial infrastructure, with rising tokenized gold demand potentially becoming a leading indicator of crypto's next risk-on leg.
