BlackRock BUIDL

BlackRock BUIDL receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Lower risk — backed by BlackRock and US Treasuries, but cross-chain bridge exposure adds a layer of risk unusual for a money market fund A tokenized money market fund from BlackRock that lets you earn interest on US Treasury bills through a blockchain token. It manages ~$2B across five blockchains and is a leading tokenized fund in DeFi. Now tradable on Uniswap (Feb 2026) for pre-qualified institutional investors. Its C+ grade reflects strong institutional backing offset by cross-chain bridge risk and redemption bottlenecks.

The key risks identified for BlackRock BUIDL are: (1) Your money moves across five blockchains through Wormhole bridges. If any bridge gets hacked, fake tokens could be created and your real tokens could be frozen for months (2) In August 2025, $447M left the fund in one month. If too many people try to cash out at once, you could wait days to get your money back (3) Circle's competing product already passed BUIDL in size. If BlackRock decides this fund isn't worth running, you'd be forced out with limited alternatives

BlackRock BUIDL scores 34/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 0/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 7/10, Regulatory Risk: 8/10, Vitality Risk: 5/10. The highest risk area is Regulatory Risk at 8/10.

Among 73 rated RWA protocols on Hindenrank, BlackRock BUIDL ranks #23 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it among the safer RWA protocols.

BlackRock BUIDL scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.