Bullish
BlackRock's BUIDL Fund on Avalanche Surpasses $900M in Assets
In the past 24 hours, Avalanche's native token, AVAX, has experienced a significant price increase, largely driven by institutional adoption. BlackRock's BUIDL fund on Avalanche has seen its assets under management (AUM) more than double, reaching over $900 million. This surge underscores growing institutional interest in tokenized real-world assets (RWAs) on the Avalanche network.
Key points
- BlackRock's BUIDL fund on Avalanche has surpassed $900 million in assets, nearly doubling from $464 million in a short period.
- Avalanche supports Progmat's migration of over ¥452 billion in regulated digital securities to its Layer 1 blockchain, enhancing its appeal for institutional use.
- AVAX One Technology regains Nasdaq compliance after a reverse stock split, indicating improved financial health.
Sources
AI-generated from public news sources. Not financial advice.
