VENUEVERITAS

RWA / 收益情报

BUIDL BlackRock USD Institutional Digital Liquidity Fund

代币化货币市场基金基金份额

代币化的机构货币市场基金份额；1 枚 BUIDL 代币代表 1.00 美元的净资产价值（NAV），收益来自国债、回购及现金。

比较 RWARWA 目录

收益从何而来？

追溯经济上的支付方。公示 APY 不是保证回报。

  1. Fund holds Treasuries, repo, and cash
  2. Portfolio generates daily money-market income
  3. BNY Mellon administers fund accounting and custody
  4. Accrued income distributed as additional tokens
  5. Securitize updates the official ownership ledger
  6. NAV held stable at $1.00 per share

    Income paid via token count, not price appreciation

一级来源
货币市场收益
二级来源
国债利息
经济上的支付方
Underlying U.S. Treasuries, repurchase agreements, and cash held by the fund.
浮动 / 固定
浮动
毛收益 / 净收益
未确定
带日期的收益快照
未知

Money market income accrues daily and is generally distributed as new tokens to maintain a stable $1.00 NAV per BUIDL share.

已核验已结构化

收益如何分配

机制
代币分配
备注
Daily accrued income generally distributed as additional BUIDL tokens to maintain a stable $1.00 NAV, rather than price appreciation.

底层是什么？

仅基于一级证据的底层资产与策略。

美国国库券、隔夜／定期回购，以及现金。

  • US Treasury bills
  • Repurchase agreements
  • Cash

Exact current allocation percentages not structured as a dated snapshot this pass.

已核验已结构化

出问题时会发生什么？

结构性损失路径——不是风险评分。未知保护保持 Unknown。

谁首先承担损失
UNKNOWN — fund-level loss allocation mechanics beyond standard money-market fund risk not itemized this pass.
已记录的保护安排
Diversified short-duration Treasury/repo/cash portfolio typical of institutional money market funds; specific credit protections not itemized this pass.
投资者敞口
Shareholders bear standard money market fund NAV risk; not FDIC insured; the fund is not guaranteed.

已研究未确定

如何拿回资金？

一级赎回 ≠ 二级 DEX 流动性。资格是有范围的。

合格投资者
Qualified Purchasers under Section 3(c)(7); offered via Regulation D — not a public retail offering.
一级赎回
Redemption through the fund's transfer agent / distribution process for eligible investors.
时点
UNKNOWN
结算资产
UNKNOWN
最低额
UNKNOWN
限制
Qualified Purchaser / accredited eligibility gating; allowlisted holders only.
二级流动性
Secondary transfers restricted to allowlisted/eligible holders; not open public trading.

已核验已结构化

谁持有底层资产？

分别梳理资产托管、现金托管、加密资产托管与代币控制。

资产托管
BNY Mellon as custodian.
现金托管
BNY Mellon.
加密资产托管
Tokenized shares recorded via Securitize as transfer agent across supported chains.

See tokenControl block.

已核验已结构化

费用

毛收益与净收益不是一回事。不按 APY 排名。

  • Management feeUNKNOWN已研究未确定
  • Administration / transfer agent feeUNKNOWN已研究未确定

监管

授权按实体 × 法域 × 工具界定——不是品牌标签。

Shares are offered under Regulation D to Qualified Purchasers under Section 3(c)(7) of the Investment Company Act; not a registered public fund offering.

实体
BlackRock USD Institutional Digital Liquidity Fund Ltd.
法域
British Virgin Islands (fund) / US (manager, Reg D offering)
工具
Reg D 3(c)(7) private fund share
授权 / 注册
UNKNOWN — no public SEC fund registration located this pass

已核验已结构化

审计 / 鉴证

智能合约审计不等于基金审计或贷款审计。没有合并的「已审计」徽章。

本资料包中无结构化鉴证行。

智能合约 / 代币控制

运营控制——不是去中心化评分。

铸造
Securitize-administered issuance to allowlisted holders.
销毁
UNKNOWN
暂停
UNKNOWN
冻结 / 黑名单
Allowlist-gated transfers imply restriction capability; specific freeze mechanics UNKNOWN.
升级
UNKNOWN
白名单
Securitize-managed allowlist restricting holders to eligible/KYC'd Qualified Purchasers.

已核验已结构化

代币化层

链
未知
官方所有权记录
Securitize, Inc., as transfer agent, maintains the official ownership record (blockchain-integrated) for BUIDL.
转让限制
Restricted to allowlisted, eligible (Qualified Purchaser) holders.

Specific chain list not itemized this pass (UNKNOWN); no primary source URL captured for this record.

已核验已结构化

研究维度

  • 谁可以持有 BUIDL？

    通过 Regulation D 发行、经 Securitize 加入白名单的合格买方——并非公开零售型代币。

    已核验已结构化

  • BUIDL 如何支付收益？

    每日累积的收益通常以额外代币的形式分配，使每份净资产价值维持在 1.00 美元的稳定水准。

    已核验已结构化

  • 谁持有 BUIDL 的底层资产？

    由 BNY Mellon 负责托管及管理国债、回购及现金；投资管理人为 BlackRock Financial Management。

    已核验已结构化

哪些环节必须持续运转？

仅列重大依赖。数量不是风险评分。

  • 法律发行人BlackRock USD Institutional Digital Liquidity Fund Ltd.Fund share issuance
  • 投资管理人BlackRock Financial ManagementPortfolio management
  • 托管方BNY MellonCustody / administration
  • 过户代理人Securitize, Inc.Official ownership record / allowlist
  • AssetUS Treasuries / repo / cashYield-bearing collateral

证据域

  • Entity / issuer已核验已结构化

    BlackRock, BNY Mellon, Securitize named

  • Legal claim已核验已结构化

    Reg D 3(c)(7) fund share

  • Yield source已核验已结构化

    Money market income

  • Yield waterfall已核验已结构化
  • Loss waterfall已研究未确定

    Standard MMF risk, detail unresolved

  • Underlying assets已核验已结构化

    Treasuries / repo / cash

  • Distribution mechanism已核验已结构化

    Token distribution keeps $1 NAV

  • Redemption已核验已结构化

    QP / allowlist gating

  • Fees已研究未确定
  • Custody已核验已结构化

    BNY Mellon

  • Regulation已核验已结构化

    Reg D 3(c)(7)

  • Assurance / audit未研究

    No assurance report identified this pass

  • Token control已核验已结构化

    Securitize allowlist

  • Tokenization / chain已核验已结构化

    Securitize transfer agent record

  • Dependencies已核验已结构化
  • Geographic / eligibility restrictions已核验已结构化

    Qualified Purchaser only

未决缺口

  • 本次未提取到此纪录的原始来源网址
  • 目前配置百分比（特定日期快照）
  • 链别清单
  • 费率表

一级来源

未列出一级来源。

RWA／收益资产情报。无评分。无 APY 排名。未解决状态保持未解决。