BlackRock BUIDL Fund Distributes Over $10 Million in May, Setting a New Monthly Record

According to Bitcoin.com, BlackRock's tokenized money market fund BUIDL announced a distribution of over $10 million in May, setting a new monthly record. Since its launch, the fund has distributed a total of $43.4 million, with a current management scale of $2.91 billion. BUIDL was launched in collaboration with Securitize, investing in U.S. Treasury bonds, cash, and repurchase agreements, and issues tokens across seven blockchains including Ethereum and Solana. In the May distribution, tokens on the Ethereum network accounted for 93.7% (approximately $9.37 million), while the remaining chains accounted for 6.3%.