BlackRock USD Institutional Digital Liquidity Fund

BlackRock, Inc.· New York, United States

AUM: $1.85B
15D change: -5.8%
Yield · 30-day net: 4.16%
NAV: 1.0000
Expense ratio: 0.50%
Minimum: $5.0M
Redemption: Intraday
Launched: 20 Mar 2024

Depends onSecuritize Issuance & Transfer Agency BNY BNY Digital Asset Custody Chainlink Proof of Reserve & NAVLink Securitize Markets ATS Chainlink CCIP

Field coverage 100%Primary-source or on-chain verified 33% of tracked metrics2/3 source documents analyst-verifiedLast reconciled 29 Sept 2026

Overview

What this product is

The category's anchor product. A professional fund whose shares are recorded on-chain by an SEC-registered transfer agent, with assets held at a global bank custodian. Distribution across six networks makes it the default collateral asset for institutional digital-asset desks.

Underlying asset: US Treasury bills, notes and overnight repurchase agreements
Asset class: Tokenized Treasury
Product structure: Tokenized Fund
Legal structure: BVI Professional Fund
Issuer jurisdiction: United States
Fund domicile: British Virgin Islands
Base currency: USD
Launched: 20 Mar 2024

Peer set

Comparable products

Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.


BUIDLthis product	4.16%	0.50%	$5.0M	$1.85B
USDY	4.25%	0.50%	$500	$1.40B
USTB	4.11%	0.15%	$100.0K	$570.4M
JTRSY	4.18%	0.35%	$100.0K	$323.3M
OUSG	4.04%	0.15%	$100.0K	$312.9M
VBILL	4.09%	0.20%	$1.0M	$35.5M
STBT	4.01%	0.10%	$10.0K	$23.6M

Issuer

Who runs it

BlackRock, Inc.New York, United States

The largest asset manager globally and the anchor issuer of tokenized institutional liquidity. Its BUIDL fund established the template other managers now copy: a registered transfer agent on-chain, a bank custodian off-chain, and multi-network distribution.

Portfolio

Composition

US Treasury bills58.4%
Overnight reverse repurchase agreements31.1%
US Treasury notes8.2%
Cash and cash equivalents2.3%

Weighted average maturity

11 days