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BlackRock's BUIDL On Track to Surpass USDC as Top Tokenized Asset on Polygon

BlackRock's BUIDL On Track to Surpass USDC as Top Tokenized Asset on Polygon

In the fast-evolving world of blockchain, big players like BlackRock are making waves. A recent tweet from Token Terminal caught our eye, highlighting how BlackRock's BUIDL fund, managed through Securitize, is gearing up to overtake Circle's USDC as the biggest natively minted tokenized asset on the Polygon network. If you're into crypto, this is a sign of how traditional finance is blending with decentralized tech.

For those new to the terms, tokenized assets are real-world items like funds or treasuries turned into digital tokens on a blockchain. This makes them easier to trade, transfer, and integrate into DeFi (decentralized finance) apps. Natively minted means these tokens are created directly on the Polygon chain, not bridged from elsewhere. Polygon itself is a popular layer-2 scaling solution for Ethereum, known for low fees and fast transactions—perfect for everything from stablecoins to meme tokens.

The tweet shares a snapshot of the top tokenized assets on Polygon, showing USDC leading with a market cap of $591.9 million, but BUIDL is hot on its heels at $530.6 million. Other notable ones include Spiko's EUTBL and USTBL, Franklin Templeton's BENJI, and more, mostly in the tokenized funds category.

Table of top tokenized assets on Polygon from Token Terminal

This data comes from Token Terminal, a platform that tracks crypto fundamentals. What's exciting here is BlackRock's push into blockchain. Back in October 2025, they transferred around $500 million to Polygon for BUIDL, as reported by various sources like EtherWorld. This move is part of a broader expansion of BUIDL across chains like Aptos, Avalanche, and others, diversifying from its Ethereum origins.

Why does this matter for meme token enthusiasts? Polygon hosts a vibrant ecosystem of meme coins, thanks to its affordability and speed. As institutional giants like BlackRock pour in with real-world assets (RWAs), it could boost liquidity and credibility for the entire network. Imagine meme projects tapping into these tokenized funds for new DeFi plays or even yield farming opportunities. It's like TradFi meeting the wild side of crypto, potentially stabilizing volatility while opening doors for more innovation.

Looking ahead, if BUIDL does flip USDC, it could accelerate adoption of tokenized funds. Stablecoins like USDC are staples for trading and hedging, but tokenized funds offer exposure to things like U.S. Treasuries without leaving the blockchain. This trend aligns with growing interest in RWAs, where real assets get digitized for better efficiency.

Keep an eye on Polygon—it's not just about memes anymore; it's becoming a hub for serious finance too. For more updates on how tech news impacts the meme token space, stick with Meme Insider.

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