BlackRock Daily Reinvestment Stablecoin Reserve Vehicle brsrv
What is BlackRock Daily Reinvestment Stablecoin Reserve Vehicle?
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money-market fund. It maintains $1 per share while passing through income from cash, short-dated Treasuries, and repos.
What problem does BlackRock Daily Reinvestment Stablecoin Reserve Vehicle solve?
Traditional money-market funds settle through banking hours with intermediaries. BUIDL provides on-chain settlement and programmable collateral for institutions.
How does BlackRock Daily Reinvestment Stablecoin Reserve Vehicle work?
Fund invests in cash, Treasuries, and repos. Tokens are ERC-20 with permissioned transfers. Income accrues daily, distributed monthly in additional tokens. Target NAV $1. Launched March 2024 with Securitize.
Key facts
- Ticker: BUIDL
- BlackRock issuer
- Tokenized money-market fund
- $1 target NAV
- Ethereum contract: 0x7712c34205737192402172409a8f7ccef8aa2aec
- Permissioned transfers
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Frequently asked questions
Is BUIDL a stablecoin?
No. It's a tokenized fund share, not a payment stablecoin.
How is yield paid?
Monthly in additional BUIDL tokens.
External trackers
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