BlackRock BUIDL Alternatives: Similar RWA Protocols Compared

BlackRock BUIDL carries a risk grade of B- (31/100) and ranks #17 of 77 rated RWA protocols. Below are 76 RWA protocols ranked by safety — from safest to riskiest. 16 of these protocols score lower (safer) than BlackRock BUIDL, and 60 score higher (riskier).

The single safest alternative is Paxos Gold (B+, 20/100 — 11 points safer than BlackRock BUIDL). See the BlackRock BUIDL vs Paxos Gold comparison to weigh the tradeoffs.

Current Protocol

BlackRock BUIDL

RWA

Risk

B-

Value

C

TVL

$3.5B

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

Paxos GoldSafer

B+

A-

$1.8B

2

SpikoSafer

B

C-

$2.2B

3

Ethena USDtbSafer

B

B

$356M

4

Paxos GoldSafer

B

B+

—

5

OpenEden TBILLSafer

B

D

$256M

6

Superstate USTBSafer

B

D-

$769M

7

B-

D-

$41M

8

B-

C-

$82M

9

VanEck Treasury FundSafer

B-

D

$192M

10

Circle USYCSafer

B-

D

$3.0B

11

MatrixDock XAUMSafer

B-

B-

$63M

12

WisdomTreeSafer

B-

D-

$808M

13

Asseto AoABTSafer

B-

C-

$24M

14

Blockchain CapitalSafer

B-

D

$964M

15

B-

C

$14M

16

KAIOSafer

B-

D

$43M

17

B-

C

$9M

18

Theo Network thBill

B-

D-

$69M

19

B-

C

$114M

20

B-

B

$754M

21

Apollo Diversified Credit Securitize Fund

B-

D-

$115M

22

B-

B-

$485M

23

B-

C-

$99M

24

B-

B-

$110M

25

B-

C

$50M

26

B-

D

$864M

27

B-

C+

$1.6B

28

B-

D+

$163M

29

B-

C

$11M

30

Sygnum FIUSD Liquidity Fund

B-

D-

$24M

31

Aave Horizon RWA

B-

B-

$258M

32

B-

C-

$4M

33

B-

C

$5M

34

B-

D-

$25M

35

B-

C-

$262M

36

Superstate USCC

B-

D

$228M

37

C+

D-

$106M

38

C+

D-

$51M

39

Securitize Tokenized AAA CLO Fund

C+

D

$106M

40

Figure Markets Democratized Prime

C+

C+

$186M

41

C+

A-

$2.9B

42

Estate Protocol

C+

D+

$14M

43

Franklin Templeton BENJI

C+

C

$1.0B

44

C+

B-

$247M

45

C+

B+

$3.0B

46

C+

B+

$2.6B

47

C+

C

$5M

48

C+

C-

$11M

49

C+

C-

$227M

50

C+

C

$88M

51

C+

C-

$1.6B

52

C+

C

$20M

53

C+

D+

$14M

54

C

C

$226M

55

C

C-

$157M

56

C

D-

$8M

57

C

C-

$349M

58

Ondo Global Markets

C

C+

$911M

59

C

B

$2.6B

60

C

D

$111M

61

C

D+

$10M

62

C

F

$60M

63

C

C-

$17M

64

C

B+

$247M

65

C

C-

$43M

66

C

C-

$112M

67

C

D+

$22M

68

C

D+

$21M

69

C

D+

$2M

70

C

C+

$111M

71

C

D+

$23M

72

C-

D

$23M

73

Mountain Protocol

C-

B

—

74

C-

D-

$2M

75

C-

D

$157M

76

D

C

$157M

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