BlackRock’s BUIDL Reaches $2.4 Billion Across Blockchains

BlackRock’s BUIDL tokenized fund had accumulated $2.4 billion in assets under management as of February 2026, according to Crypto Briefing, and invests in cash, U.S. Treasury bills and repurchase agreements with maturities kept short.

The fund has since grown and spread across networks, with BlackRock making BUIDL accessible on BNB Chain and Solana.

The asset manager also partnered with Securitize and Uniswap Labs to enable on-chain trading of the fund. According to crypto.news, BUIDL now supports institutional collateral arrangements through Binance. The result is an institutional product with three operational routes: access on multiple networks, on-chain trading and use as collateral.

What does Sergey Nazarov say about BlackRock?

Chainlink co-founder Sergey Nazarov has praised BlackRock for driving blockchain adoption and the tokenization of funds. In 2024, Chainlink Today reported, he described the launch of BlackRock’s first tokenized fund as “a watershed moment for TradFi’s participation in the digital asset economy.” He has also framed BUIDL’s launch as a turning point for traditional finance.

His claim is operational rather than price-driven. For institutions, the expansion links three functions: reaching a tokenized fund on different networks, trading it on-chain and using it in collateral arrangements. Chainlink occupies the supporting role in data and cross-chain connectivity, while the reported BUIDL distribution and market integrations extend the fund’s use.

How does Chainlink fit into tokenized funds?

Chainlink provides data and cross-chain connectivity for tokenized assets. The Defiant reported that sBUIDL tokens on Euler are secured by Chainlink data feeds, which support reliable pricing. Nazarov described the network in broader terms as “a solution to get data into chains” and “a way to connect chains and smart contracts across different blockchains.”

A multi-network fund needs more than token issuance: institutions also need dependable pricing, a route to trade and a way to use the holding as collateral. The reported BUIDL arrangements address those functions through BNB Chain, Solana, sBUIDL on Euler, and institutional trading and collateral venues.

BUIDL’s reach on BNB Chain and Solana illustrates the cross-chain environment in which Chainlink describes its connectivity role. The Euler example shows the separate pricing function that its data feeds can support.

What did the Federal Reserve Bank panel mean?

In September, Nazarov joined BlackRock’s William Su, Vanguard’s John Evans and Sharplink’s Joseph Chalom at the Federal Reserve Bank of Philadelphia for a panel on the future of blockchain in traditional finance. Su described significant demand and interest in tokenized real-world assets.

An OpenPR press release cautioned that a conversation hosted at a Federal Reserve Bank does not mean BlackRock announced an investment in Chainlink. The release also said no formal partnership is implied by Nazarov’s comments. That distinction keeps the panel separate from any capital or commercial agreement, even though the participants discussed institutional adoption of blockchain.

What is the next milestone for tokenization?

Nazarov told Cointelegraph that some large U.S. tokenization projects should go into production “this year,” with a race “next year” and meaningful volumes “the year after.” The sequence shifts attention from access and market integrations to production systems, then competition and meaningful volumes.

For institutions, that is the relevant test: whether tokenized funds can operate across networks with dependable pricing, trading and collateral use, rather than only being accessible on a blockchain. His forecast makes live production deployment the next concrete checkpoint, with volume growth following on the schedule he described.