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Ethereum leads tokenized real-world assets as BlackRock BUIDL nears $2.9 billion

Ethereum leads tokenized real-world assets as BlackRock BUIDL nears $2.9 billion

Ethereum remains the largest network for tokenized real-world assets and stablecoins, while BlackRock’s BUIDL has surpassed $900 million on Avalanche and totals about $2.869 billion across chains.

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Fact Check
All gathered sources corroborate the claim. The Wu Blockchain post (citing RWA.xyz) and Coin Bureau both confirm BUIDL surpassed $900M on Avalanche with ~$2.87B total AUM across chains. Crypto.news and Cryptobriefing confirm Ethereum is the largest BUIDL network with Avalanche as #2, and that BUIDL leads tokenized Treasury products. The claim's ~$2.869B total matches the widely reported ~$2.87B. Ethereum leading tokenized RWAs/stablecoins is consistent with the reporting that Ethereum remains the top BUIDL network.
Summary

Ethereum remains the largest public blockchain for tokenized real-world assets, with more than $19 billion on the network, and also leads stablecoin market capitalization at about $167 billion, according to reporting citing The Crypto Times and Token Terminal data. Within BlackRock’s tokenized asset footprint, separate reporting and RWA.xyz data show its BUIDL fund totals about $2.869 billion to $2.93 billion across chains, with Ethereum still the largest allocation and Avalanche rising above $900 million after a 105% weekly increase from about $464 million. The figures indicate Ethereum’s lead in broad network-level tokenized asset issuance and stablecoin activity, while Avalanche has become BUIDL’s second-largest chain as BlackRock expands multi-chain distribution of its tokenized Treasury fund.

Terms & Concepts
  • tokenized real-world assets: Traditional financial assets represented on-chain.
  • tokenized Treasury fund: An investment fund holding Treasury-related assets whose ownership shares are issued and transferred on a blockchain.
  • repurchase agreements: Short-term financing transactions in which securities are sold with an agreement to buy them back later.