7天内筹集超2.4亿美元，贝莱德基金BUIDL获胜者是Ondo

原文来源：Odaily星球日报

原作者：如何

作为全球最大的资产管理公司，贝莱德在年初成功推出了比特币现货ETF，筹集了超过130亿美元的资金，目前已跻身顶级比特币现货ETF行列，比特币持有总量仅次于灰度。比特币现货ETF的成功让贝莱德能够继续专注于加密行业。

3月20日，贝莱德宣布与Securitize合作推出代币化资产基金贝莱德美元机构数字流动性基金（BUIDL）。推出仅一周后，就成功吸引了超过2.4亿美元的资金。其中，著名的RWA项目Ondo也参与其中。

贝莱德宣布推出代币化基金BUIDL后，根据CoinGecko相关数据显示，加密市场中RWA相关代币发行项目出现大幅增长，其中Ondo项目代币ONDO增长超过130%， XDC Network项目代币XDC涨幅超28.5%。

为什么贝莱德旗下代币化基金BUIDL的推出会对RWA领域产生如此重大的影响？

为此，Odaily星球日报将介绍BUIDL的概况、上线以来的相关进展以及对未来RWA领域的影响。

BlackRock 代币化基金 BUIDL 概述和最新动态

代币化基金BUIDL是贝莱德和Securitize基于以太坊联合发行的，由贝莱德金融管理公司运营和管理。BUIDL主要投资于现金、美国国债和回购协议。基金投资者必须符合“合格投资者”资格。投资者将获得等值的BUIDL代币，每个BUIDL代币价值1美元。代币将通过Securitize的加密钱包转移到其他经过验证的地址，但投资者转移BUIDL代币，接收者必须满足其审核条件。

该基金合伙人Securitize创始人兼首席执行官Carlos Domingo认为，代币化基金BUIDL主要服务于三个用例。

• 对于寻求在区块链上管理资金的加密货币公司；

• 成为RWA项目的底层资产；

• 稳定币的替代品，可用作借贷和交易的抵押品。

值得注意的是，持有贝莱德美元机构基金所赚取的收入并未在美国证券交易委员会（SEC）注册。因此，质押BUILD产生的利息可能不会在任何加密货币交易平台上列出。多明戈回应称，SEC尚未发布任何关于区块链代币化的相关建议。

At present, the BUIDL fund has been launched for nearly a month. According to the data analysis of 21.co on Dune, the BUIDL fund has attracted US$286.35 million, which is only lower than the tokenized fund BENJI based on the Stellar chain launched by FOBXX.

As can be seen from the above figure, Ondo Finance also holds $198 million in the tokenized U.S. bond market, ranking third in market share. It is worth mentioning that less than a week after BlackRock launched the tokenized fund BUIDL, Ondo Finance announced an investment of more than $95 million, accounting for more than 33% of the BUIDL fund shares, and is currently the largest holder of the BUIDL fund.

According to the transaction records of the block browser, on April 1, the tokenized fund BUIDL made its first dividend payment to 8 investors, among which Ondo address 0x 7 2B...6 3D received more than 70,000 BUIDL tokens.

Subsequently, according to the transaction records of the Ondo on-chain address, on April 3, Ondo Finance conducted the first redemption test of the BUIDL fund, transferring 250,000 BUIDL tokens to the Securitize address 0x 878…200, and then transferred them into the black hole for destruction through this address.

Since the issuance of the BUIDL fund, most of the fund's operating procedures have been completed, including issuance, dividend distribution, and repurchase. Although the official annualized rate of return of the BUIDL fund has not been marked, it is speculated based on the amount and time of its dividend distribution that the APY is about 5.3%, which exceeds the yield of most RWA projects' U.S. bond products.

ONDO may become the "last chance" for most investors in the RWA sector

The RWA sector has been gaining popularity since last year, with more and more people discussing RWA at many Web3 industry summits. However, compared with foreign communities, the Chinese community has not responded much to this. The most important point is that most RWA project products have restrictions on Chinese investors. From a certain perspective, buying RWA products is not easier than buying U.S. stocks in reality.

However, will the RWA sector, which may be worth trillions of dollars in the future, be out of reach for ordinary retail investors? Odaily analyzed the launch of the tokenized fund BUIDL by BlackRock and found that ONDO tokens may become one of the few targets for most retail investors who cannot buy RWA products to participate in the RWA wave.

In the past, most RWA projects used to establish independent SPVs to manage user investment funds, but purchases and redemptions required certain time limits, which was not conducive to attracting most Web3 investors. However, BlackRock's launch of the tokenized fund BUIDL has opened a door to connect traditional finance and Web3 to a certain extent, but this is not for investors, but for most RWA projects.

According to BlackRock's BUIDL operating rules, after investing in the fund, investors will receive an equal amount of BUIDL tokens and daily dividends, and can transfer them when conditions permit. This move optimizes the complicated purchase and redemption mechanism of the RWA project. Ondo Finance also replaced most of the underlying assets of OUSG (tokenized US Treasury bonds) with BUIDL less than a week after its issuance.

In addition, you can refer to the article "Ondo Finance: Successful transformation, TVL jumped to the top three in the RWA track" previously published by Odaily. Although ONDO has already gained a considerable amount in this round, the ONDO token was issued before the transformation, and it has little to do with the current RWA in essence. The ONDO token has met the relevant narrative and still has room for growth. As the current leader of the RWA sector, the rise of the ONDO token also marks the development of the RWA sector to a certain extent. Combined with the psychology of most investors who are rejected by RWA products, Ondo Finance may become the "last chance".

标签：美元 BUIDL