The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has reached a market value of $502.8 million in less than four months, becoming the first tokenized government bond fund to reach this milestone. This milestone was achieved after Ondo Finance purchased more BUIDL. Since its launch on March 15th, BUIDL has surpassed the Franklin OnChain U.S. Government Money Fund (BENJI), becoming the world's largest tokenized government bond fund and maintaining its leading position. The price of BUIDL is pegged 1:1 with the US dollar, paying dividends to investors every month. Ondo's OUSG is the largest holder of BUIDL, holding $173.7 million dollars worth. According to Dune Analytics data, the total value of on-chain tokenized government bond funds currently stands at $1.67 billion dollars with Ethereum being the main blockchain for tokenization accounting for over 75%. BlackRock CEO Larry Fink stated that blockchain tokenization can make capital markets more efficient.