Securitize’s BUIDL regains title as largest tokenized US Treasury fund

BlackRock’s tokenized US Treasury fund, BUIDL, is back on top. The fund, built and managed through Securitize’s platform, has climbed to roughly $2.8 billion in assets under management, reclaiming its position as the largest tokenized Treasury product on the market after briefly ceding that title to a rival earlier this year. How BUIDL lost its crown, then took it back The fund launched on March 20, 2024, and spent most of its life as the undisputed leader in tokenized Treasuries. That changed in March 2026, when Circle’s USYC briefly overtook it in total assets. Continued inflows pushed BUIDL back to the front of the pack by mid-2026, and the $2.8 billion figure now puts comfortable distance between it and the competition. At various points, BUIDL commanded between 40% and 46% of the entire tokenized Treasury market. The broader tokenized US Treasury market itself has ballooned to an estimated $15 billion to $16 billion. That makes BUIDL’s roughly $2.8 billion slice still significant, even as firms like Ondo and Franklin Templeton carve out their own positions. What BUIDL actually does BUIDL, formally called the USD Institutional Digital Liquidity Fund, holds short-term US Treasur...