BlackRock USD Institutional Digital Liquidity Fund BUIDL

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BlackRock USD Institutional Digital Liquidity Fund leads thanks to its team governance and market ecosystem performance, with roadmap delivery remaining a key focus, currently holding an E- rating.

Rating updated 2026-07-30
E-6.39 / 100

Sector Rank #1516 · Global Rank #2547

Roadmap Delivery0F
Technical Implementation----
Tokenomics0F
Team Governance30F
Market Ecosystem10.67F
Security & Compliance0F
01

Overall Rating

E- · 6.39 / 100
Roadmap Delivery
0
Tokenomics
0
Team Governance
30
Market Ecosystem
10.67
Security & Compliance
0
Overall Score
6.39

BlackRock USD Institutional Digital Liquidity Fund Overall Rating E- (total score 6.39), ranking high in team governance, market ecosystem, and roadmap delivery across six dimensions. The main point of deduction is roadmap delivery (0 points)—mainly affected by sub-items such as development continuity (0 points) and development heat trends (0 points).

Rating Team Conclusion: "BlackRock USD Institutional Digital Liquidity Fund has relative advantages in team governance, market ecosystem, and roadmap delivery, with current weaknesses focused on roadmap delivery." " It is recommended to observe cautiously and not use it as a core configuration basis for now.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

0/100

Roadmap On Time Delivery Rate?As a tokenized fund, there is no public development roadmap.Weight 35%Insufficient data · 0 / 100

Last 4 upgrades achieved?No recent agreement upgrades.Weight 30%&None · 0 / 100

Milestones to Deliver?No public pending delivery milestones.Weight 20%&None · 0 / 100

History Extension Record?No public history of delays.Weight 15%&None · 0 / 100

Technical Implementation

39/100

Consensus Mechanism?As an ERC-20 token, it relies on PoS consensus on underlying public chains like Ethereum.Weight 30%PoS (Dependent on Underlying Public Chain) · 70 / 100

Main network years of operation?The fund was launched in March 2024, with a relatively short operating period.Weight 15%About 2.2 years · 40 / 100

Recent upgrades?No public smart contract upgrade records or audit reports.Weight 35%Insufficient data · 0 / 100

Client Diversity?As a token, its client diversity depends on the underlying public chain.Weight 20%Relying on the underlying public blockchain · 60 / 100

Tokenomics

5/100

Deflationary Mechanism?As a money market fund, there is no deflationary mechanism.Weight 30%&None · 0 / 100

Inflation rate?The token supply changes with fund subscriptions and redemptions.Weight 25%Changes in fund size · 20 / 100

Staking rate/position lock-up rate?No staking or lock-up mechanisms.Weight 25%0% · 0 / 100

Supply Upper Limit?There is no fixed cap on token supply, which adjusts according to the fund's size.Weight 20%No upper limit · 0 / 100

Team Governance

46/100

Core Development Team?Issued by BlackRock, the world's largest asset management company, with a strong team background.Weight 30%BlackRock (Powerful) · 80 / 100

Governance mechanisms?Fund management is dominated by BlackRock and is highly centralized.Weight 25%Centralization (BlackRock) · 10 / 100

Financial Transparency?BlackRock is strictly regulated financially, with high transparency of its funds.Weight 25%High (traditional financial standard) · 70 / 100

Concentration of key people?Control of the fund is highly concentrated in the hands of the issuer.Weight 20%High (centralized control) · 10 / 100

Market Ecosystem

32.5/100

Active Address?On-chain active address data is missing or extremely low.Weight 30%Underestimated / Insufficient data · 0 / 100

Ecological chain/L2 quantity?It has been deployed on several major public blockchains including Ethereum, BSC, and Polygon.Weight 25%8+ · 80 / 100

DeFi TVL?The fund's TVL scale is relatively large, but still lags behind top DeFi projects.Weight 25%Approximately $2.62 billion · 50 / 100

Developer community?As a tokenized fund, there is no independent developer community.Weight 20%&None · 0 / 100

Security & Compliance

70.5/100

Historical Major Failure?So far, there have been no publicly disclosed records of major security incidents.Weight 25%&None · 90 / 100

Regulatory Attitude?The fund is subject to U.S. securities laws under Reg. D exempt from regulation, strong compliance.Weight 30%Friendly (Reg. D exemption) · 80 / 100

Sec Attitude?By Reg. D exemption is issued to qualified investors and is presumed to be non-securities.Weight 30%Non-securities (presumption) · 80 / 100

Client Bug Frequency?Smart contracts contain backdoor code and permission leakage red line warnings.Weight 15%There is a risk of backdoor code · 0 / 100

04

E- Peer Comparison

Export CSV
BlackRock USD Institutional Digital Liquidity FundE- · 6.39Wells Fargo (Ondo Tokenized Stock)E- · 6.64LocalCoinSwapE- · 6.64Matrixdock GoldE- · 6.59
Overall Score6.396.646.646.59
Roadmap Delivery011.2500
Technical Implementation--------
Tokenomics0012.20
Team Governance30303019.29
Market Ecosystem10.674.961.3417.38
Security & Compliance0000

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