The fund invests in cash, US Treasury bills and repurchase agreements, with maturities kept short.
The fund has since grown and spread across networks.
It had accumulated $2.4 billion in assets under management as of February 2026,
according to Crypto Briefing.
BlackRock has made BUIDL accessible on BNB Chain and Solana, and has partnered with Securitize and Uniswap Labs to enable on-chain trading of the fund.
More recently,
BUIDL already supports institutional collateral arrangements through Binance,
according to crypto.news.
Nazarov has framed the launch of BUIDL as a turning point for traditional finance. In 2024 he
highlighted the launch of BlackRock’s first tokenized fund as a watershed moment for TradFi’s participation in the digital asset economy,
Chainlink Today reported.
Where Chainlink Fits
Chainlink provides data and cross-chain connectivity for tokenized assets. In one example,
sBUIDL tokens on Euler are secured by Chainlink data feeds, ensuring reliable pricing,
The Defiant reported. Nazarov has described the network’s role in broader terms, saying
it is both a solution to get data into chains and a way to connect chains and smart contracts across different blockchains.
Nazarov and BlackRock executives have shared stages on the subject. In September,
he joined BlackRock’s William Su, Vanguard’s John Evans and Sharplink’s Joseph Chalom at the Federal Reserve Bank of Philadelphia for a panel on the future of blockchain in traditional finance.
Su described significant demand and interest in tokenized real-world assets.
A press release distributed on OpenPR noted that
a conversation hosted at a Federal Reserve Bank does not mean BlackRock announced a Chainlink investment.
No formal partnership is implied by Nazarov’s comments.
Looking ahead, Nazarov has told Cointelegraph that
some large US tokenization projects should go into production this year, with a race next year and meaningful volumes the year after.