BlackRock BUIDL Fund paid more than $10 million in dividends in May, a record high in a single month

PANews reported on June 4 that according to Bitcoin.com reports, BlackRock's tokenized money market fund BUIDL announced a dividend of more than $10 million in May, a record high in a single month. Since its launch, the fund has paid out a total of $43.4 million in dividends and currently manages $2.91 billion, maintaining its position as the world's largest tokenized money market fund.

BUIDL is launched by BlackRock in cooperation with Securitize, and the investment targets include U.S. Treasury bonds, cash and repurchase agreements, and the issuance of tokens through 7 blockchains such as Ethereum and Solana. In May, the Ethereum network accounted for 93.7% (about $9.37 million), and the rest of the chains together accounted for 6.3%. The fund is only open to accredited investors, with a minimum investment threshold of $5 million for individuals and $25 million for institutions, and assets are held in custody by institutions such as BNY Mellon.

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