VENUEVERITAS

RWA / 收益情報

BUIDL BlackRock USD Institutional Digital Liquidity Fund

代幣化貨幣市場基金基金份額

代幣化的機構貨幣市場基金份額；1 枚 BUIDL 代幣代表 1.00 美元的淨資產價值（NAV），收益來自國債、附買回交易及現金。

比較 RWARWA 目錄

收益從何而來？

追溯經濟上的支付方。公示 APY 不是保證回報。

  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

一級來源
貨幣市場收益
二級來源
國債利息
經濟上的支付方
Underlying U.S. Treasuries, repurchase agreements, and cash held by the fund.
浮動 / 固定
浮動
毛收益 / 淨收益
未確定
帶日期的收益快照
未知

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

已核驗已結構化

收益如何分配

機制
代幣分配
備註
Daily accrued income generally distributed as additional BUIDL tokens to maintain a stable $1.00 NAV, rather than price appreciation.

底層是什麼？

僅基於一級證據的底層資產與策略。

美國國庫券、隔夜／定期附買回交易，以及現金。

  • US Treasury bills
  • Repurchase agreements
  • Cash

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

已核驗已結構化

出問題時會發生什麼？

結構性損失路徑——不是風險評分。未知保護保持 Unknown。

誰首先承擔損失
UNKNOWN — fund-level loss allocation mechanics beyond standard money-market fund risk not itemized this pass.
已記錄的保護安排
Diversified short-duration Treasury/repo/cash portfolio typical of institutional money market funds; specific credit protections not itemized this pass.
投資者敞口
Shareholders bear standard money market fund NAV risk; not FDIC insured; the fund is not guaranteed.

已研究未確定

如何拿回資金？

一級贖回 ≠ 二級 DEX 流動性。資格是有範圍的。

合格投資者
Qualified Purchasers under Section 3(c)(7); offered via Regulation D — not a public retail offering.
一級贖回
Redemption through the fund's transfer agent / distribution process for eligible investors.
時點
UNKNOWN
結算資產
UNKNOWN
最低額
UNKNOWN
限制
Qualified Purchaser / accredited eligibility gating; allowlisted holders only.
二級流動性
Secondary transfers restricted to allowlisted/eligible holders; not open public trading.

已核驗已結構化

誰持有底層資產？

分別梳理資產託管、現金託管、加密資產託管與代幣控制。

資產託管
BNY Mellon as custodian.
現金託管
BNY Mellon.
加密資產託管
Tokenized shares recorded via Securitize as transfer agent across supported chains.

See tokenControl block.

已核驗已結構化

費用

毛收益與淨收益不是一回事。不按 APY 排名。

  • Management feeUNKNOWN已研究未確定
  • Administration / transfer agent feeUNKNOWN已研究未確定

監管

授權按實體 × 法域 × 工具界定——不是品牌標籤。

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.

實體
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
授權 / 註冊
UNKNOWN — no public SEC fund registration located this pass

已核驗已結構化

審計 / 鑑證

智慧合約審計不等於基金審計或貸款審計。沒有合併的「已審計」徽章。

本資料包中無結構化鑑證列。

智慧合約 / 代幣控制

營運控制——不是去中心化評分。

鑄造
Securitize-administered issuance to allowlisted holders.
銷毀
UNKNOWN
暫停
UNKNOWN
凍結 / 黑名單
Allowlist-gated transfers imply restriction capability; specific freeze mechanics UNKNOWN.
升級
UNKNOWN
白名單
Securitize-managed allowlist restricting holders to eligible/KYC'd Qualified Purchasers.

已核驗已結構化

代幣化層

鏈
未知
官方所有權紀錄
Securitize, Inc., as transfer agent, maintains the official ownership record (blockchain-integrated) for BUIDL.
轉讓限制
Restricted to allowlisted, eligible (Qualified Purchaser) holders.

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

已核驗已結構化

研究維度

  • 誰可以持有 BUIDL？

    透過 Regulation D 發行、經 Securitize 加入白名單的合格買方——並非公開零售型代幣。

    已核驗已結構化

  • BUIDL 如何支付收益？

    每日累積的收益通常以額外代幣的形式分配，使每份淨資產價值維持在 1.00 美元的穩定水準。

    已核驗已結構化

  • 誰持有 BUIDL 的底層資產？

    由 BNY Mellon 負責託管及管理國債、附買回交易及現金；投資管理人為 BlackRock Financial Management。

    已核驗已結構化

哪些環節必須持續運轉？

僅列重大依賴。數量不是風險評分。

  • 法律發行人BlackRock USD Institutional Digital Liquidity Fund Ltd.Fund share issuance
  • 投資管理人BlackRock Financial ManagementPortfolio management
  • 託管方BNY MellonCustody / administration
  • 過戶代理人Securitize, Inc.Official ownership record / allowlist
  • AssetUS Treasuries / repo / cashYield-bearing collateral

證據域

  • Entity / issuer已核驗已結構化

    BlackRock, BNY Mellon, Securitize named

  • Legal claim已核驗已結構化

    Reg D 3(c)(7) fund share

  • Yield source已核驗已結構化

    Money market income

  • Yield waterfall已核驗已結構化
  • Loss waterfall已研究未確定

    Standard MMF risk, detail unresolved

  • Underlying assets已核驗已結構化

    Treasuries / repo / cash

  • Distribution mechanism已核驗已結構化

    Token distribution keeps $1 NAV

  • Redemption已核驗已結構化

    QP / allowlist gating

  • Fees已研究未確定
  • Custody已核驗已結構化

    BNY Mellon

  • Regulation已核驗已結構化

    Reg D 3(c)(7)

  • Assurance / audit未研究

    No assurance report identified this pass

  • Token control已核驗已結構化

    Securitize allowlist

  • Tokenization / chain已核驗已結構化

    Securitize transfer agent record

  • Dependencies已核驗已結構化
  • Geographic / eligibility restrictions已核驗已結構化

    Qualified Purchaser only

未決缺口

  • 本次未擷取到此紀錄的原始來源網址
  • 目前配置百分比（特定日期快照）
  • 鏈別清單
  • 費率表

一級來源

未列出一級來源。

RWA／收益資產情報。無評分。無 APY 排名。未解決狀態保持未解決。