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Investors in BlackRock’s BUIDL fund receive $1.7 million in monthly dividends on Ethereum
Ondo Finance’s crypto wallet, labeled on Etherscan as “OUSD Instant Manager,” is the largest recipient of BUIDL’s monthly dividend, receiving approximately 42% of the total.
“BUIDL is the largest tokenized fund, providing US dollar returns to holders,” Securitize wrote on X.
(Shutterstock/Michael Vi)
Posted June 4, 2024 at 2:15pm EST.
BlackRock Securitize’s tokenization platform and transfer agent revealed BlackRock’s USD Institutional Digital Liquidity (BUIDL) fund paid nearly $1.7 million in monthly dividends to its holders on Ethereum on Monday, an increase of about 38% from $1.2 million on Monday. last month.
The payout for Wall Street heavyweights on Monday appears to have happened a transactionwhich had a network fee of just over 0.034 ETH, worth around $131.55, where 11 wallet addresses received an average of 151,735 BUIDL tokens, according to onchain data from blockchain explorer Etherscan.
One address, starting with 0x568, received 20,802 BUIDL tokens, the least among those receiving wallet addresses, while one of Ondo Finance’s crypto wallets labeled on Etherscan as “OUSD Instant Manager”, appears to be the largest recipient , yielding 700,280 BUIDL tokens, approximately 42% of this month’s total dividend. Ondo Financea tokenized RWA platform, currently holds 49,999,999 BUIDL tokens, making it the fourth largest holder of the fund.
“BUIDL is a critical asset in the development of a variety of new financial products, as we have seen Ondo and others leverage BUIDL as the foundation of their core product,” said Securitize co-founder and president Jamie Finn, in an email -mail to Unchained. “Tokenization is currently in a massive growth phase with many new RWAs coming to market.”
The total value of all tokenized treasury product tokens circulating in the crypto ecosystem currently stands at $1.45 billion, an increase of more than 12.5% since the beginning of May. According to data from the real assets analytics platform, BlackRock’s BUIDL fund, which has a market capitalization of $462.5 million, represents almost a third of the current total value. rwa.xyz.
Learn more: What are tokenized Treasury securities? A beginner’s guide
The seven-figure payment comes two months later Securitize Markets applied “on behalf of BlackRock” be a service provider for Arbitrum’s Stable Treasury Endowment Program (STEP), which aims to diversify 35 million ARB tokens into real-world assets backed by Treasury bills and money market instruments.
BlackRock’s activity on-chain and in governance forums highlights how institutional presence has since evolved from mere interest to active participation in the crypto ecosystem.
When reached for comment, Blackrock declined due to communications restrictions around BUIDL.
