貝萊德的 BUIDL 躋身代幣化國庫基金巔峰

貝萊德美元機構數位流動性基金（BUIDL）已成為區塊鏈上最大的代幣化國債基金，超過了富蘭克林鄧普頓的同類產品。該基金的市值達到3.75億美元，超過了富蘭克林的BENJI基金。這種快速增長的部分原因是來自 Ondo Finance 的 5000 萬美元轉賬，這表明對高效現金解決方案的需求不斷增長。 BUIDL 的主要特點包括基於以太坊的營運、與 Coinbase 的合作、高投資最低限度、合規性關注和股息分配。過去一個月，代幣化政府證券的總資產管理規模激增了 5,000 萬美元，其中 BUIDL 的增幅領先，達 34%，這凸顯了代幣化在金融市場中的日益普及。

BlackRock's BUIDL Fund Emerges as Largest Tokenized Treasury Fund, Surpassing Franklin Templeton's BENJI

貝萊德的 BUIDL 基金超越富蘭克林鄧普頓的 BENJI，成為最大的代幣化國債基金

New York, April 29, 2024 - BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has ascended to the शीर्ष position among tokenized treasury funds on the blockchain, eclipsing the previously dominant product from Franklin Templeton.

紐約，2024 年 4 月 29 日 - 貝萊德的美元機構數位流動性基金（BUIDL）在區塊鏈上的代幣化國庫基金中的地位上升，超越了富蘭克林鄧普頓之前的主導產品。

Within just six weeks of its inception, BUIDL has amassed a market capitalization of $375 million, surpassing that of Franklin's year-old Franklin OnChain U.S. Government Money Fund (BENJI), which currently stands at $368 million. This surge has been primarily driven by a substantial $50 million transfer from Ondo Finance, a real-world asset tokenization platform.

在成立後的短短六週內，BUIDL 的市值就達到了 3.75 億美元，超過了富蘭克林成立一年的富蘭克林鏈上美國政府貨幣基金 (BENJI)，後者目前的市值為 3.68 億美元。這一激增主要是由現實世界資產代幣化平台 Ondo Finance 巨額轉帳 5,000 萬美元所推動的。

Rising Demand for Digital Treasury Funds

對數位國庫資金的需求不斷增長

The rapid growth of BUIDL reflects the increasing demand for digital treasury products among institutional investors. Tokenization offers several advantages over traditional treasury funds, including enhanced liquidity, immediate settlement, and improved transparency.

BUIDL的快速成長反映了機構投資者對數位金庫產品日益增長的需求。與傳統國庫資金相比，代幣化具有多種優勢，包括增強流動性、立即結算和提高透明度。

Key Features of BUIDL

BUIDL 的主要特點

BUIDL is a groundbreaking fund that operates on the Ethereum blockchain, leveraging its secure and transparent platform. It boasts a strategic partnership with Coinbase, a leading cryptocurrency exchange, which provides crucial infrastructure support.

BUIDL 是一個突破性的基金，在以太坊區塊鏈上運作，利用其安全和透明的平台。它與領先的加密貨幣交易所 Coinbase 建立了戰略合作夥伴關係，後者提供了關鍵的基礎設施支援。

To ensure regulatory compliance and investor protection, BUIDL adheres to stringent SEC guidelines when issuing shares. It requires a minimum investment of $5 million, catering to entities and individuals with substantial capital seeking stable, well-protected investment opportunities.

為了確保合規性和投資者保護，BUIDL 在發行股票時遵守嚴格的 SEC 指南。它要求最低投資額為 500 萬美元，適合擁有大量資本、尋求穩定、受到良好保護的投資機會的實體和個人。

Stable Value and Dividend Distribution

穩定的價值和股利分配

BUIDL aims to maintain a stable token value and distributes tokens as monthly dividends. This feature further enhances the fund's attractiveness to investors seeking regular income and preservation of capital.

BUIDL 旨在維持穩定的代幣價值，並以每月股息的形式分配代幣。這項特點進一步增強了該基金對尋求定期收入和資本保值的投資者的吸引力。

Market Growth and Comparisons

市場成長與比較

Over the past month, the aggregate assets under management (AUM) for tokenized government securities have experienced a notable $50 million increase, reaching $1.25 billion, representing a 4% growth.

過去一個月，代幣化政府證券的管理總資產（AUM）顯著增加了 5,000 萬美元，達到 12.5 億美元，成長 4%。

While BUIDL has witnessed an impressive 34% surge, the second-largest treasury fund, BENJI, has grown by a mere 2%. Notably, USYC and MPLCash have declined by 5% and 58%, respectively.

BUIDL 的漲幅高達 34%，令人印象深刻，而第二大財政基金 BENJI 的漲幅僅為 2%。值得注意的是，USYC 和 MPLCash 分別下降了 5% 和 58%。

BlackRock's Vision for Tokenization

貝萊德的代幣化願景

BlackRock's CEO, Larry Fink, has long been an advocate for the tokenization of financial assets. In 2012, he famously predicted the transformative potential of exchange-traded funds (ETFs) in fixed income markets. Today, fixed income ETFs have become a ubiquitous investment vehicle, with BlackRock's own ETF portfolio exceeding $3.5 trillion.

貝萊德執行長拉里·芬克長期以來一直是金融資產代幣化的倡導者。 2012 年，他對固定收益市場中交易所交易基金 (ETF) 的變革潛力做出了著名預測。如今，固定收益 ETF 已成為無所不在的投資工具，貝萊德自己的 ETF 投資組合超過 3.5 兆美元。

Fink anticipates that the tokenization of financial assets will be the next major industry disruptor, with every stock and bond eventually having its own token representation.

芬克預計，金融資產的代幣化將成為下一個主要的產業顛覆者，每種股票和債券最終都有自己的代幣代表。

Conclusion

結論

The emergence of BUIDL as the largest tokenized treasury fund is a testament to the growing acceptance of digital treasury products within the investment community. BlackRock's entry into this space with a substantial product offering further validates the potential of tokenization to revolutionize the financial industry. As the market continues to evolve, it remains to be seen how other asset managers and financial institutions will respond to this transformative trend.

BUIDL 作為最大的代幣化財務基金的出現證明了投資界對數位財務產品的接受度不斷提高。貝萊德憑藉豐富的產品進入這一領域，進一步驗證了代幣化徹底改變金融業的潛力。隨著市場的不斷發展，其他資產管理公司和金融機構將如何應對這一變革趨勢還有待觀察。