BlackRock's tokenized fund BUIDL has a total value of 2.5 billion USD, with four wallets holding nearly 80% of the assets

According to ChainCatcher news and reported by DL News, BlackRock's tokenized fund BUIDL has grown to over $2.5 billion since its launch in 2024, but nearly 80% of the assets are held by just four crypto wallets.

Among them, the stablecoin project Ethena holds about $1.3 billion, MakerDAO's lending protocol Spark holds about $500 million, and the crypto relief fund initiated by Polygon co-founder Sandeep Nailwal holds $140 million.

Michael Sonnenshein, COO of BlackRock's tokenization partner Securitize, stated that the fund requires a minimum investment of $5 million, and as an institutional-grade product, its highly concentrated holdings are quite normal. Currently, the global tokenization market has surpassed $18 billion.