The BlackRock tokenized BUIDL fund has achieved a significant milestone by distributing $100 million in total dividends to its holders since its launch in mid-March. This fund, which invests in short-term US Treasury bills and cash-like assets, allows investors to receive dividends directly on the blockchain. The fund's value exceeded $2 billion last month, highlighting the growing institutional adoption of tokenized securities. Initially launched on Ethereum, BUIDL has expanded to six other networks, including Solana and Avalanche.
Meanwhile, DeepSnitch AI has raised over $1.07 million in its Stage 4 presale, with tokens priced at $0.03205. The project offers advanced AI tools to monitor and analyze market events, providing retail investors with insights into institutional capital movements. DeepSnitch AI's presale success and innovative features position it as a potential high-growth opportunity in the crypto market.
BlackRock BUIDL Fund Reaches $100M in Dividends, DeepSnitch AI Presale Surpasses $1M
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