BlackRock's BUIDL token on Ethereum has surpassed $1 billion in market capitalization, achieving roughly 115% gains year-to-date as of April 6, 2026. The milestone marks significant growth for the tokenized fund product since the start of 2026.
BUIDL represents BlackRock's foray into on-chain tokenized assets, offering exposure to short-duration U.S. Treasury bills and cash equivalents on the Ethereum blockchain. The token's market cap growth reflects broader institutional adoption of blockchain-based financial products.
Sources: Token Terminal
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