OCB — Trust Rating
BUIDL Trust Rating
BlackRock · Tokenized institutional money market fund holding U.S. Treasury bills and repo.
BUIDL (BlackRock) scores 56/100 on OnChain Benchmark's Verified Capital Trust Rating — Limited band — across four dimensions: disclosure quality 6/25, redemption liquidity 17/25, structural trust 20/25, and holder concentration 8/25 (methodology v1.1, as of Jul 7, 2026).
Verified Capital Trust Rating
OCB — 01
BUIDL across four dimensions
Each dimension contributes up to 25 points to the composite trust rating. Last scored Jul 7, 2026 on methodology v1.1.
| Dimension | Score |
|---|---|
| Disclosure Quality | 6 / 25 |
| Redemption Liquidity | 17 / 25 |
| Structural Trust | 20 / 25 |
| Holder Concentration | 8 / 25 |
| Composite | 56 / 100 |
OCB — 02
Evidence behind the rating
A sample of the verified facts behind BUIDL's score. Each finding carries a confidence level; the full diligence trail is in the terminal.
- Holder Concentrationaddress exclusion95% confidence
TransparentUpgradeableProxy (OpenZeppelin v5.1.0) source verified on Etherscan Contract tab. Protocol infrastructure contract holding 8.85% of BUIDL supply.
Verified Jun 1, 2026· Etherscan Contract tab — OZ TransparentUpgradeableProxy v5.1.0 source verified. - Disclosure Qualityattestation source95% confidence
BlackRock USD Institutional Digital Liquidity Fund Ltd. files Form D / D/A only. 2 filings since inception — very low cadence. Not worth a fetcher at current frequency.
Verified May 31, 2026· SEC EDGAR company search — CIK 0002013810 confirmed as BlackRock USD Institutional Digital Liquidity Fund Ltd. - Disclosure Qualitygovernance finding95% confidence
contractOwner (item 25, Read as Proxy) returned a plain EOA — no Contract tab on Etherscan. Securitize DS Protocol transparent proxy. Single EOA controls upgrades.
Verified May 31, 2026· Etherscan address page — no Contract tab. Verified via Read as Proxy contractOwner call on BUIDL token. - Holder Concentrationholder investigation70% confidence
No Etherscan label. Active DeFi user — Morpho Bundler calls observed. Retail or institutional DeFi user, not protocol infrastructure.
Verified Jun 1, 2026· Etherscan transactions tab — Morpho Bundler interactions observed. - Holder Concentrationholder investigation65% confidence
No Etherscan label. Plain EOA. Outgoing transactions labeled "BlackRock: BUIDL Token" as counterparty — strongly suggests institutional position managed by BlackRock, but below 90% confidence without a direct label on this address.
Verified Jun 1, 2026· Etherscan token transfer tab — "BlackRock: BUIDL Token" counterparty label on outgoing txns. - Holder Concentrationholder investigation60% confidence
No Etherscan label. Funded via OKX. 1 transaction total. Dormant wallet.
Verified Jun 1, 2026· Etherscan address page — funded by OKX, 1 txn, dormant.
OCB — 03
Key facts
- Issuer
- BlackRock
- Asset class
- Tokenized U.S. Treasuries
- Collected chains
- Ethereum · Solana · Avalanche · Polygon · Arbitrum
- Catalogued, not collected
- Chain 10 · Chain 56
- Methodology
- v1.0
- Last scored
- Jul 7, 2026
- Rubric
- Verified Capital Trust Rating
Supply figure: Excludes Optimism, BNB Chain — not yet collected
The interactive terminal shows every verified fact behind BUIDL's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.