BlackRock's USD Institutional Digital Liquidity Fund Hits $375 Million AUM

BlackRock's BLK USD Institutional Digital Liquidity Fund reached $375 million in assets under management. The fund, known by its ticker BUIDL, beat out its nearest competitor Franklin Templeton's FOBXX by nearly $8 million, data from Dune Analytics show. FOBXX (NASDAQ: FOBXX) is a U.S.-registered mutual fund using the Polygon and Stellar blockchains, holding over $368 million in assets under management as of April 30.

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