BlackRock’s BUIDL surged 200% in weeks — it has only 11 holders

BlackRock launched the fund a month ago. One firm owns a third of the fund's tokens, commanding about a third of the volume. A tokenised fund is a fund whose shares, or units, trade on a blockchain. At its March 20 launch, BUIDL was billed as BlackRock's first tokenised fund issued on a public blockchain.