Answers · Market overview

Which tokenized funds does BlackRock run — BUIDL, ICS OnChain and the rest?

Short answer

22 BlackRock tokenized fund rows in our data. The largest is BUIDL, the USD Institutional Digital Liquidity Fund ($2.4B), a money market fund on several public chains for qualified investors. 12 are on-chain share classes of the Irish ICS money market funds, in US dollars, euros and sterling. Reported or authorised but not confirmed as launched: BlackRock HKD Digital Liquidity Fund; BlackRock Select Treasury Based Liquidity Fund OnChain Shares (BSTBL). All are institutional products — none is open to retail investors directly.

BlackRock runs the largest tokenized fund, BUIDL, and has added on-chain share classes to ordinary funds: its Irish Institutional Cash Series (ICS) on J.P. Morgan’s Kinexys ledger, a reserve fund for stablecoin issuers, and products reported or authorised in other markets. Each row below says how it is evidenced — issuer document, register, or press report — so a launch announced but not confirmed is not mixed up with a fund that is running.

Figures from our live dataset · data as of 2026-10-16 · not investment advice

TokenIssuerYield / returnMinimumKYC to buyChain
BUIDL
BlackRock USD Institutional Digital Liquidity Fund
BlackRock / Securitize~3.59%$5M (institutional)Not statedEthereum (+8)
BRSRV
BlackRock Daily Reinvestment Stablecoin Reserve Vehicle
BlackRock / SecuritizeNot stated by the source—Not statedTempo / Ethereum / Solana
CLOA
BlackRock ETF Trust II iShares AAA CLO Active ETF (Dinari CLOA)
Dinari——KYC required—
HK-BLACKROCK-HKD-DLF
BlackRock HKD Digital Liquidity Fund
BlackRock Asset Management North Asia LimitedNot stated by the source—Not stated—
IE000PYSMYP1
BlackRock ICS Euro Government Liquidity Fund OnChain (Acc T0) Shares Acc EUR
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000P3TGLV4
BlackRock ICS Euro Government Liquidity Fund OnChain (Dis) Shares Dist EUR
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000INO55D5
BlackRock ICS Euro Liquidity Fund OnChain (Acc T0) Shares Acc EUR
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE0003M2ZOQ2
BlackRock ICS Euro Liquidity Fund OnChain (Dis) Shares Dist EUR
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE0007JJQHY6
BlackRock ICS Sterling Government Liquidity Fund OnChain (Acc T0) Shares Acc GBP
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000MA48T22
BlackRock ICS Sterling Government Liquidity Fund OnChain (Dis) Shares Dist GBP
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000X1AXIL0
BlackRock ICS Sterling Liquidity Fund OnChain (Acc T0) Shares Acc GBP
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000U9Y9JU0
BlackRock ICS Sterling Liquidity Fund OnChain (Dis) Shares Dist GBP
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000U3DAOB0
BlackRock ICS US Dollar Liquidity Fund OnChain (Acc T0) Shares Acc USD
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE0001TQFET3
BlackRock ICS US Dollar Liquidity Fund OnChain (Dis) Shares Dist USD
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE000HEWS7K1
BlackRock ICS US Treasury Fund OnChain (Acc T0) Shares Acc USD
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
IE00037XHAE1
BlackRock ICS US Treasury Fund OnChain (Dis) Shares Dist USD
BlackRock ICS OnChain (Kinexys Digital Assets)Not stated by the source—Not statedEthereum
BSTBL
BlackRock Select Treasury Based Liquidity Fund OnChain Shares (BSTBL)
BlackRock (transfer agent and tokenisation: BNY)Not stated by the source—Not stated—
BUIDL-I
BlackRock USD Institutional Digital Liquidity Fund - I Class
—Yield-bearing — rate not stated by this source—Not statedEthereum
BNY-GSDAP-MMF
BNY / Goldman Sachs tokenized money market fund shares (mirrored tokens on GS DAP)
BNY with BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments and Goldman Sachs Asset ManagementNot stated by the source—Not statedGS DAP
BLKDIGON
Ondo Diversified Growth Powered by BlackRock
—Not stated by this source—Not statedEthereum / BNB Chain
BLKGRWON
Ondo High Growth Powered by BlackRock
—Not stated by this source—Not statedEthereum / BNB Chain
BLKHION
Ondo High Income Powered by BlackRock
—Not stated by this source—Not statedEthereum / BNB Chain

More questions

Can I buy BUIDL?

Not as a private investor. BUIDL is sold through Securitize to qualified purchasers, with a high minimum, and every holder wallet is whitelisted. Retail exposure to the same kind of asset comes through funds that hold BUIDL or treasuries and have lower thresholds — see the tokenized treasuries pages.

Which of them can I buy without KYC?

None of them is stated as buyable without KYC. 1 explicitly require it.

Where does the yield come from?

BUIDL: US Treasuries / repos / cash.

Are these yields fixed?

1 of 22 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked between 2026-08-25 and 2026-10-16T19:00:00.000Z.

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