BlackRock BUIDL Reclaims Largest Tokenized Treasury Fund Spot

BlackRock's tokenized U.S. Treasury fund, BUIDL, has reclaimed its position as the largest product in the rapidly growing tokenized Treasury market, reaching approximately $2.8 billion in assets under management. The fund, formally known as the USD Institutional Digital Liquidity Fund, has narrowly surpassed Circle's USYC product to regain the top spot it lost earlier this year. The resurgence marks a significant milestone in the expanding market for tokenized government debt, which has grown to an estimated $15 billion to $16 billion. BUIDL's current holdings represent roughly 18.