# buidl

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Tokenized Cash Just Became Wall Street's Favorite Collateral as BUIDL Broke Above $2.5 Billion
Cash that lives on-chain just turned into prime collateral, and desks moved fast. BlackRock's BUIDL token pushed past $2.5 billion in size after $610 million of fresh mints in five sessions. The fund holds T-bills, cash, and repo, with daily value updates and same-day cash-out for approved wallets. A top trust bank holds the assets, while transfer agent ops run 24 hours a day. For a trading firm, that mix of yield plus instant move is rare.
The math forced the shift. BUIDL accrues about 5.2% a year
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