
BlackRock USD Institutional Digital Liquidity Fund BUIDL
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.
Sector Rank #1516 · Global Rank #2547
Overall Rating
E- · 6.39 / 100BlackRock 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.
Six-Dimension Rating Breakdown
Roadmap Delivery
0/100Roadmap 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
39/100Consensus 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
5/100Deflationary 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
46/100Core 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
32.5/100Active 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
70.5/100Historical 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
E- Peer Comparison
Export CSV BlackRock USD Institutional Digital Liquidity FundE- · 6.39 | Wells Fargo (Ondo Tokenized Stock)E- · 6.64 | LocalCoinSwapE- · 6.64 | Matrixdock GoldE- · 6.59 | |
|---|---|---|---|---|
| Overall Score | 6.39 | 6.64 | 6.64 | 6.59 |
| Roadmap Delivery | 0 | 11.25 | 0 | 0 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 0 | 0 | 12.2 | 0 |
| Team Governance | 30 | 30 | 30 | 19.29 |
| Market Ecosystem | 10.67 | 4.96 | 1.34 | 17.38 |
| Security & Compliance | 0 | 0 | 0 | 0 |



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