BlackRock's Cryptocurrency Fund BUIDL Pays Over $10 Million in Dividends in May, Setting a New Record
New York June 4, 2025 BUIDL, the pioneering crypto money market fund launched by asset management giant BlackRock, paid out over $10 million in dividends in May, marking the highest monthly payout since the fund was founded.
The BUIDL Fund, or BlackRock USD Institutional Digital Liquidity Fund, was launched in partnership with Securitize and aims to bring traditional financial instruments such as U.S. Treasury bills, cash, and repurchase agreements to public blockchains. This is a major step forward in the field of tokenized assets, allowing investors to access stable yields from traditional assets but with the speed and liquidity of blockchain technology.
Daily Dividends, Distributed Across 7 Blockchains
Unlike traditional funds, BUIDL distributes dividends daily, allowing investors to redeploy capital immediately. In May, dividends surpassed $10 million for the first time, a milestone in the development of yield crypto funds.
Payments were distributed across 7 blockchains, with Ethereum dominating with over $9.37 million in dividends. Other networks also saw significant payouts: Aptos ($187,734), Avalanche ($185,708), Polygon ($104,889), Arbitrum ($102,000), Optimism ($85,339), and Solana ($70,593). This reflects the product’s rapid expansion into multi-chain ecosystems.
Impressive Growth and Rigorous Compliance
Since its launch, BUIDL has distributed over $43.4 million in total dividends, highlighting the growing demand for on-chain yield products for institutional investors.
However, not everyone can invest in the fund. Only qualified investors – including accredited individuals and financial institutions – are allowed to participate, with a minimum capital of $5 million for individuals and $25 million for institutions. The vetting process includes rigorous KYC/AML checks and a whitelist to ensure full compliance with current regulations.
The fund’s assets are custodianed by industry heavyweights such as Anchorage, BitGo, Coinbase, Fireblocks, while BNY Mellon serves as the independent custodian.
Competing in the Crypto Fund Space
BUIDL is currently the largest crypto money market fund with $2.91 billion in assets under management as of early June. Despite its leadership, BUIDL is competing with prominent players such as BENJI (Franklin Templeton), USTB (Superstate), USDY and OUSG (Ondo Finance), and USYC (Circle).
BUIDL’s rapid growth shows the bright future of tokenized traditional financial products – where operational efficiency, accessibility, and transparency are combined with the stability of government-backed assets.