BlackRock launched its first tokenized fund BUIDL on Ethereum, subscribed via Securitize Markets, investing in cash, T-bills and repos with daily accrual paid monthly as new tokens. It later expanded to multiple chains with AUM peaking above $2B.

Underlying: Tokenized money market fund (cash / T-bills / repos)Size: Initial $100M, peak $2B+Approval/Regulator: U.S. SEC (Reg D exempt offering)Partners: Securitize · BNY Mellon

Source ↗ · U.S. SEC EDGAR filing · ⚑

Securitize tokenized an interest in KKR's $4B Health Care Strategic Growth Fund II on Avalanche — the first tokenization of a major PE fund on a public chain, cutting minimums to $100K.

Underlying: Private equity fund (healthcare growth equity)Size: $4B master fundApproval/Regulator: U.S. SEC Reg D 506(c)Partners: Securitize · Avalanche

Source ↗ · KKR official press release · ⚑

The private-markets giant tokenized three flagship funds via Securitize, ADDX and Infinite Whisk, opening access to qualified individuals from ~$10K minimums.

Underlying: Private equity fund-of-fundsSize: Minimums cut to ~$10KApproval/Regulator: U.S. SEC Reg DPartners: Securitize · ADDX · Polygon

Source ↗ · Business Wire · ⚑

Apollo's tokenized feeder into its Diversified Credit Fund, launched with Securitize across six chains (Aptos, Avalanche, Ethereum, Ink, Polygon, Solana) with investment from Coinbase AM and Kraken.

Underlying: Diversified private credit (direct lending / ABF / structured credit)Approval/Regulator: U.S. SEC Reg DPartners: Securitize · Wormhole (six chains at launch)

Source ↗ · PR Newswire · ⚑