BlackRock USD Institutional Digital Liquidity Fund

The first tokenized fund issued on a public blockchain by the world's largest asset manager.

Market Opportunity

• $300B worth of stablecoins today earn no yield, while short-term treasuries are yielding ~4%¹

• Crypto investors face various challenges when moving between traditional capital markets and the crypto ecosystem 

• There hasn't been a short-term treasury tokenized product that provides USD yield onchain at scale until the launch of BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”)¹

(1) As of April 2026. (2) You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. (3) Source: RWA.xyz, as of April 2026.

Getting Started

Bring Value to Your Investors

$334B+

Assets Under Management ¹

Near Real-Time, P2P Transfers

Earn yield onchain from U.S. Treasury bills, notes and other obligations issued and backed by the U.S. Treasury.

Flexible Custody

Your keys, your token. Custody BUIDL at your preferred custodian or self custody.

Near Real-Time, P2P Transfers

Transfer BUIDL tokens onchain 24/7²

Daily USD Liquidity

The ability to convert BUIDL into USD every business day settling.

Regulated Network

Engage with a network of whitelisted participants based on successful KYC/AML.

Daily Dividend Payouts

Dividends are accrued each calendar day to the holder of record at 3:00pm ET, and paid out the following business day in the form of new BUIDL tokens.³

(1) As of April 2026. (2) Peer-to-peer transfers occur between parties that are not agents of the Fund and will not have any obligation to purchase any Shares. Accordingly, there can be no assurance that Shareholders will have the ability to seek to sell Shares in a peer-to-peer capacity. (3) Requests for redemptions must be received in good order by the Transfer Agent between 8:00 AM and 3:00 PM ET on the applicable Redemption Date to achieve same-day settlement. Redemptions of Shares effected on the blockchain at or immediately prior to the redemption deadline on a Redemption Date may not be recorded on the Fund’s books and records prior to such deadline, including if the Transfer Agent has not yet determined that the transfer of Shares to its wallet is final.  In such event, the Shares will not be redeemed on such Redemption Date; rather they will be redeemed on the next Redemption Date.

Subscription documents must be completed, in good order, and funding received by the following dates, to be included in a monthly fund close.

Funds must arrive by 11:00am New York Time (GMT-4) or 5:00pm Luxembourg time (GMT+2) on the stated subscription deadline date in order to be deployed into the fund on the first day of the following month.

Investor Subscription Deadlines

NAV / Valuation Date

Thursday, June 20

Thursday, Aug. 22

Friday, July 19

Friday, Sept. 20

Tuesday, Aug. 20

Monday, Oct. 21

Friday, Sept. 20

Friday, Nov. 22

Friday, Oct. 18

Friday, Dec. 20

Wednesday, Nov. 20

Wednesday, Jan. 22

Friday, Dec. 20

Friday, Feb. 21

Subscription Process

The Securitize subscription process is similar to other investment platforms. Once you verify your identity, you can quickly invest in offerings without having to go through the same onboarding process again.

Institutional-Grade
Custody Partners

⁴ 3rd party liquidity can be available during business hours of the fund as well as outside of business hours of the fund. Availability of 3rd party liquidity is not guaranteed. ⁵ Bridging is provided by a 3rd party provider and availability cannot be guaranteed at all times or between all blockchains.

Subscription documents must be completed, in good order, and funding received by the following dates, to be included in a monthly fund close.

Funds must arrive by 11:00am New York Time (GMT-4) or 5:00pm Luxembourg time (GMT+2) on the stated subscription deadline date in order to be deployed into the fund on the first day of the following month.

Investor Subscription Deadlines

NAV / Valuation Date

Thursday, June 20

Thursday, Aug. 22

Friday, July 19

Friday, Sept. 20

Tuesday, Aug. 20

Monday, Oct. 21

Friday, Sept. 20

Friday, Nov. 22

Friday, Oct. 18

Friday, Dec. 20

Wednesday, Nov. 20

Wednesday, Jan. 22

Friday, Dec. 20

Friday, Feb. 21

Subscription Process

The Securitize subscription process is similar to other investment platforms. Once you verify your identity, you can quickly invest in offerings without having to go through the same onboarding process again.

Diversification

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio.

Private Placements

Private market investments are speculative and considered risky, including potential loss of your investment, and may not be appropriate for every investor. Since market risks are inherent in all securities investments to varying degrees, there can be no assurance that the investment objectives of the Fund will be achieved. 

Not a deposit | May lose value | No bank guarantee | Not insured by the FDIC, NCUA or any other government agency.

Important Information

Securities are offered through Securitize Markets, LLC, (“Securitize Markets”) a registered broker-dealer and member FINRA/SIPC. Neither Securitize Markets, nor any of its affiliates provide any investment advice or make any investment recommendations to any persons, ever, and no communication through herein or in any other medium should be construed as such.

Assets listed herein, such as digital assets or tokens using blockchain, are speculative, involve a high degree of risk, are generally illiquid, may have no value, have limited regulatory certainty, are subject to potential market manipulation risks and may expose investors to loss of principal.

Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed herein, and are encouraged to consult with a financial advisor, attorney, accountant, tax advisors, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided herein or through any references/links herein. Further, there can be no assurance that any valuations provided by issuers are accurate or in agreement with market or industry valuations. Securitize Markets and its affiliates make no representations or warranties as to the accuracy of such information.

Securitize Markets may collect certain information about you that helps us comply with various securities regulations and rules and the USA PATRIOT Act, a Federal law that requires all securities firms to obtain, verify, and record information that identifies each applicant. The information also helps us more fully understand your investment profile and identify what types of investments or strategies may be suitable for you.

An investment in the Fund is speculative and entails risk, and, therefore, should be undertaken only by investors capable of evaluating the risks of the Fund and bearing the risks that it represents. Although the Fund will seek to maintain a stable NAV per Share of $1.00, there can be no assurance that it will do so. 

The risk factors set forth herein are not, and are not intended to be, a complete enumeration or explanation of all of the potential or actual risks that may arise relating to an investment in the Fund. Additional material information about actual and potential risks is set forth in the governing documents of the Fund. Additional risks may exist that are not presently known to the Investment Manager or are deemed immaterial, and an investment in the Fund may be subject to additional and different risks and conflicts of interest than those described herein. 

All information is provided on an “AS IS” basis only. By using this information, the Reader agrees that BlackRock shall not have any liability for the accuracy of the information contained herein, for delays or omissions therein, or for any results based on your use of the information which are not consistent with your objectives. WITHOUT LIMITING THE FOREGOING DISCLAIMERS, THE INFORMATION PROVIDED HEREIN IS NOT GUARANTEED TO BE ACCURATE OR COMPLETE, NOR DOES BLACKROCK TAKE RESPONSIBILITY FOR IT. THE INFORMATION CONTAINED HEREIN HAS NOT BEEN AUDITED AND BLACKROCK DOES NOT GUARANTEE ITS SUITABILITY FOR ANY PURPOSE. ALL INFORMATION IS SUBJECT TO CHANGE AND/OR WITHDRAWAL AT ANY TIME WITHOUT NOTICE. 

Certain information contained in this presentation constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” “target,” “believe,” the negatives thereof, other variations thereon or comparable terminology. Due to various risks and uncertainties inherent in the capital markets or otherwise facing the asset management industry, actual events or results or the actual performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements.

The information contained in this presentation is proprietary and confidential and may contain commercial or financial information, trade secrets and/or intellectual property of BlackRock. If this information is provided to an entity or agency that has, or is subject to, open records, open meetings, “freedom of information”, “sunshine” laws, rules, regulations or policies or similar or related laws, rules, regulations or policies that require, do or may permit disclosure of any portion of this information to any other person or entity to which it was provided by BlackRock (collectively, “Disclosure Laws”), BlackRock hereby asserts any and all available exemption, exception, procedures, rights to prior consultation or other protection from disclosure which may be available to it under applicable Disclosure Laws.

This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in connection with any such offer.

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