

Market Cap
$2.26B
24h Volume
$0
Circulating
2.26B BUIDL
All-Time High
Market Cap
$2.26B
Volume (24h)
$0
Circulating Supply
2.26B BUIDL
Max Supply
N/A
1 BUIDL = $1.00
| All-Time High | $1.00 (February 12, 2025) |
| All-Time Low | $1.00 (July 23, 2026) |
Live trading pairs are temporarily unavailable. Browse our top-rated exchanges to find where to trade BlackRock USD Institutional Digital Liquidity Fund.
BUIDL is a tokenized money market fund launched by BlackRock, the world's largest asset manager, in partnership with the tokenization platform Securitize, holding cash, short-term U.S. Treasury bills and repurchase agreements. Each token tracks a fixed $1 net asset value rather than trading on market sentiment, so BUIDL trades at $1, matching its all-time high from February 11, 2025. Its market capitalization of roughly $2.73 billion ranks it 37th among tracked crypto assets, with circulating and total supply both near 2.73 billion tokens. Reported trading volume sits at zero, because transfers are restricted to whitelisted institutional wallets rather than open secondary markets, and the metric that actually matters here is assets under management, not price action.
BlackRock manages the fund's investments while Securitize serves as transfer agent, running investor onboarding, KYC and the on-chain register of eligible holders. Yield from the underlying Treasury bills and repurchase agreements accrues daily and is paid out monthly as newly minted BUIDL tokens sent directly to holders' wallets, so token supply grows over time while the $1 price stays fixed. The fund exists on nine networks, including Ethereum, Solana, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Aptos and Tempo, letting institutions hold the same underlying exposure on whichever chain their treasury operations already use. This multichain structure is unusual among tokenized funds and reflects demand for portable, on-chain Treasury collateral.
BUIDL competes with other tokenized cash-management products such as Franklin Templeton's BENJI, Ondo Finance's OUSG and Superstate's USTB, all of which package short-duration government debt into blockchain-based shares offering near risk-free yield tied to prevailing T-bill rates. BlackRock's scale, brand recognition and BUIDL's presence across nine chains differentiate it from smaller, single-chain competitors, though the underlying economics of the category are broadly similar. A partnership with Circle also lets qualifying holders redeem BUIDL for USDC, bridging tokenized Treasuries with on-chain dollar liquidity that institutional desks can move between DeFi and traditional settlement rails.
$1.00
At the time of writing, BlackRock USD Institutional Digital Liquidity Fund (BUIDL) trades at $1.00, with a 24-hour trading volume of $0 and a total market capitalization of $2.26B. The asset is currently ranked #50 among all tracked cryptocurrencies by market cap.
Over the last 24 hours, the BUIDL price has rose +0.00%. On the seven-day chart, BlackRock USD Institutional Digital Liquidity Fund has climbed +0.00%, showing mixed signals across the short and medium term. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.
Buying BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.
You can also use the built-in BlackRock USD Institutional Digital Liquidity Fund converter above to estimate exactly how much BUIDL you would receive for a given amount in USD before placing an order.
Whether BlackRock USD Institutional Digital Liquidity Fund is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, BUIDL carries significant market risk — prices can rise or fall sharply in a single day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.