According to a report from DL News on April 25, Deep Tide TechFlow announced that BlackRock’s tokenization fund BUIDL has grown to over $2.5 billion since its launch in 2024, but nearly 80% of the assets are held by only four crypto wallets.
Among them, the stablecoin project Ethena holds about 1.3 billion dollars, the lending department Spark of the MakerDAO protocol holds about 500 million dollars, and the cryptocurrency rescue fund initiated by Polygon co-founder Sandeep Nailwal holds 140 million dollars.
Michael Sonnenshein, Chief Operating Officer of Securitize, a tokenization partner of BlackRock, stated that the fund requires a minimum investment of 5 million dollars. As an institutional-grade product, its highly concentrated holdings are quite normal. Currently, the global tokenization market size has exceeded 18 billion dollars.
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