//BlackRock BUIDL
B-

BlackRock BUIDL

Risk Score 31/100·CValue
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$3.5BTVL·RWAWebsite →

Lower risk — backed by BlackRock and US Treasuries, but cross-chain bridge exposure adds a layer of risk unusual for a money market fund

Risk Breakdown

Top Risks

1

Multi-chain bridge risk: BUIDL deploys across Ethereum, Solana, Polygon, BNB Chain, and Avalanche via Wormhole; a bridge exploit could mint unbacked tokens or freeze legitimate holders' assets across chains

2

Partial redemption buffer: The $1B Basin instant-redemption facility (May 2026) covers ~40% of AUM for instant stablecoin exits, but a sustained institutional panic exceeding Basin capacity would still stress Securitize's T+1 settlement infrastructure and force Treasury bill liquidations into potentially illiquid markets

3

Competitive displacement intensifying: BUIDL ceded market leadership to Circle's USYC (January 2026) and now holds roughly 20% of the $15B tokenized Treasury market, down from 46% peak share; JPMorgan's MONY (December 2025) and Coinbase's CUSHY add direct institutional competition, while BlackRock's own BSTBL and BRSRV SEC filings (May 2026) risk fragmenting its own investor base

Frequently Asked Questions

Is BlackRock BUIDL safe to use?
BlackRock BUIDL receives a B- risk grade (31/100) 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 ~$3.5B across six blockchains, with Securitize's NYSE-listed infrastructure (SECZ) providing institutional-grade compliance. Tradable on Uniswap for pre-qualified institutional investors. Its B- risk grade reflects strong institutional backing and SEC-registered structure, offset by cross-chain bridge risk and ongoing competitive pressure from Circle's USYC and JPMorgan's MONY.
What are the main risks of using BlackRock BUIDL?
The key risks identified for BlackRock BUIDL are: (1) Your money moves across six 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 even with the $1B Basin buffer (3) Circle's USYC now leads the tokenized Treasury market and JPMorgan and Coinbase have launched competing products. If BlackRock decides this fund isn't worth running, you'd be forced out with limited alternatives as the space consolidates
What is BlackRock BUIDL's risk score breakdown?
BlackRock BUIDL scores 31/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 0/10, Documentation Gaps: 1/10, Track Record: 3/15, Scale Exposure: 7/10, Regulatory Risk: 7/10, Vitality Risk: 4/10. The highest risk area is Scale Exposure at 7/10.
How does BlackRock BUIDL compare to other RWA protocols?
Among 77 rated RWA protocols on Hindenrank, BlackRock BUIDL ranks #17 by safety (lowest risk score = safest). Its 31/100 risk score and B- grade place it among the safer RWA protocols.
Has BlackRock BUIDL ever been hacked or exploited?
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.
Last scanned 2026-08-01

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