BlackRock BUIDL on Aptos and the tokenized treasury market
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Bullish call$APT−93%since this piece, moved against the callHow it played out ↓BUIDL (>$540M market cap, >$514M on Ethereum) is landing on Aptos. Tokenized treasuries total $2.37B onchain with >$1.6B on Ethereum; argues Aptos is positioned to take share thanks to MoveVM parallel execution and Move's safety features.
Key claims
BUIDL market cap >$540M, >$514M of it on Ethereum
Tokenized treasuries total $2.37B onchain, >$1.6B on Ethereum
Aptos likely to capture share going forward
BlackRock is bullish on Aptos & you're fading anon?
The world's largest asset manager with $10 trillion in AUM just announced that its BlackRock USD Institutional Digital Liquidity Fund (BUIDL), powered by @securitize is coming to @Aptos.
BUIDL, with a market cap of >$540M, is the largest tokenized treasury product that exists onchain.
Currently, the majority of the market cap sitting on Ethereum (>$514M).
Generally, the tokenized treasury space is still dominated by Ethereum which accounts for >$1.6B of $2.37B in total value onchain.
Going forward, this will likely change, with Aptos in a leading position to capture market share.
Aptos is a high-performance blockchain running a MoveVM that supports parallel execution and can support thousands of TPS at consistently low cost with ease.
Move, as a statically strong typed and formally verified language that is purpose-built for blockchain development, also provides language-level security features that don't exist in EVM ecosystems.
After FOBXX, @FTI_US's OnChain U.S. Government Money Market Fund, the launch of BUIDL marks another major milestone for the RWA ecosystem on Aptos.
Don't sleep on Aptos anon.
QUOTING @Aptos
Major News 🚨 @BlackRock, the world's largest asset manager, has announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by @Securitize, has landed on Aptos – the best blockchain for institutional finance and the only non-EVM chain to offer BUIDL.
Major News 🚨 @BlackRock, the world's largest asset manager, has announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by @Securitize, has landed on Aptos – the best blockchain for institutional finance and the only non-EVM chain to offer BUIDL.
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How the call played out · since 18 Nov 2024
Prices as of 23 Oct 2026This piece takes a view on $APT, so that move is read against the call.
−93%
Moved against the call · over 23 months
- At publication
- $11.76
- Now
- $0.776
- vs BTC
- −93%
- After 1 month
- +9.9%
- After 3 months
- −51%
- After 1 year
- −77%
- High since
- +25% 07 Dec 2024
- Low since
- −96% 17 Aug 2026
Since then
Zero has written 2 more pieces on Aptos and $APT since this one.
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.