BlackRock, which manages $10 trillion asset portfolio, is active in real world asset tokenization, offering the largest tokenized U.S. federal debt fund on the market, BUIDL, with a market capitalization of $2.9 billion

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May 9, 2025

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The $10 trillion asset manager, which recently reported $32 million in Q1 revenue from its iShares Bitcoin Trust, is expanding its presence in crypto. BlackRock disclosed in its Q1 2025 13F filing that it held $5.4 billion in Bitcoin-related equities. Most of this exposure was tied to its investments in MicroStrategy, known for aggressively accumulating Bitcoin.
BlackRock already offers a US federal debt tokenized fund called BUIDL, the largest fund with a $2.9 billion market cap. Competing products include Franklin Templeton's BENJI fund.

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05/09/2025
Week 19 of 2025