BlackRock BUIDL Alternatives: Similar RWA Protocols Compared

BlackRock BUIDL carries a risk grade of C+ (37/100) and ranks #35 of 73 rated RWA protocols. Below are 72 RWA protocols ranked by safety — from safest to riskiest. 34 of these protocols score lower (safer) than BlackRock BUIDL, and 38 score higher (riskier).

The single safest alternative is Paxos Gold (B+, 20/100 — 17 points safer than BlackRock BUIDL). See the BlackRock BUIDL vs Paxos Gold comparison to weigh the tradeoffs.

Current Protocol

BlackRock BUIDL

RWA

Risk

C+

Value

C

TVL

$2.7B

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

Paxos GoldSafer

B+

A-

$2.3B

2

SpikoSafer

B

C-

$1.2B

3

VanEck Treasury FundSafer

B

D

$69M

4

B-

C-

$94M

5

B-

D-

$41M

6

Circle USYCSafer

B-

D

$2.8B

7

Ethena USDtbSafer

B-

D+

$580M

8

MatrixDock XAUMSafer

B-

B-

$76M

9

Paxos GoldSafer

B-

B+

—

10

Superstate USTBSafer

B-

D-

$869M

11

Asseto AoABTSafer

B-

C-

$18M

12

B-

C

$4M

13

B-

C

$89M

14

KAIOSafer

B-

D

$89M

15

Sygnum FIUSD Liquidity FundSafer

B-

D-

$39M

16

WisdomTreeSafer

B-

D-

$843M

17

Apollo Diversified Credit Securitize FundSafer

B-

D-

$97M

18

Blockchain CapitalSafer

B-

D

$757M

19

B-

B-

$186M

20

OpenEden TBILLSafer

B-

D

$126M

21

Theo Network thBillSafer

B-

D-

$120M

22

ComTech GoldSafer

B-

C

$6M

23

B-

C

$11M

24

LoftySafer

B-

C-

$99M

25

Anemoy CapitalSafer

B-

D

$1.5B

26

B-

D+

$201M

27

B-

C

$11M

28

Plume NetworkSafer

B-

C

$50M

29

Superstate USCCSafer

B-

D

$264M

30

B-

C-

$8M

31

CentrifugeSafer

B-

C+

$1.9B

32

OpenEden USDOSafer

B-

D-

$38M

33

C+

C+

$353M

34

LiqiSafer

C+

D-

$106M

35

Aave Horizon RWA

C+

B-

$293M

36

Figure Markets Democratized Prime

C+

C+

$29M

37

C+

B-

$6M

38

Estate Protocol

C+

D+

$14M

39

C+

B+

$2.8B

40

C+

D-

$51M

41

C+

C

$266M

42

C+

C

$5M

43

C+

C-

$9M

44

C+

B+

$2.7B

45

Securitize Tokenized AAA CLO Fund

C+

D

$106M

46

Franklin Templeton BENJI

C+

C

$1.0B

47

C+

A-

$3.3B

48

C+

C-

$147M

49

C+

C-

$179M

50

C+

C-

$1.6B

51

C

D-

$8M

52

C

D+

$15M

53

C

D+

$288M

54

C

C

$202M

55

C

C

$88M

56

C

F

$62M

57

C

D+

$391M

58

C

C-

$14M

59

Ondo Global Markets

C

C+

$807M

60

C

D+

$14M

61

C

C

$226M

62

C

C-

$43M

63

C

D+

$13M

64

C

D

$124M

65

C

D+

$157M

66

C

D+

$23M

67

C

C+

$52M

68

C-

D

$23M

69

Mountain Protocol

C-

B

—

70

C-

D+

$21M

71

C-

D+

$1M

72

D

C

$288M

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