Ondo vs 
BlackRock USD Institutional Digital Liquidity Fund
Tokenised US Treasuries from two directions. BUIDL is BlackRock's own fund, issued with Securitize, aimed squarely at institutions — the largest asset manager in the world putting a money market fund on a blockchain. Ondo is a crypto-native company building similar products plus the infrastructure around them, and ONDO is a governance token for that business rather than a claim on the assets. Note the difference: one is the fund, the other is the company.
12 months, both starting at 100 (AUD)
ONDO → 36 · BUIDL → 94| Measure | ONDO | BUIDL |
|---|---|---|
| Market cap | A$2.9B | A$3.2B |
| Rank | #49 | #44 |
| Price | A$0.588 | A$1.42 |
| 90-day change (AUD) | +28.7% | −2.0% |
| 12-month change (AUD) | −58.9% | −6.3% |
| From all-time high | −82.5% | −16.0% |
| Supply model | Capped: 10.00B max | No fixed maximum |
| AU exchanges we verify it on | 3 | check on-platform |
About Ondo
Ondo Finance builds tokenised versions of traditional financial assets — most notably tokenised US Treasury products — bridging bond markets onto blockchains. ONDO is its governance token, and the project is a bellwether for the "real-world assets" trend.
About BlackRock USD Institutional Digital Liquidity Fund
BUIDL is BlackRock's tokenised US-dollar institutional money-market fund — Treasury-bill exposure issued on public blockchains. Its significance is who issued it: the world's largest asset manager putting a fund on-chain.
FAQ
Which is bigger, Ondo or BlackRock USD Institutional Digital Liquidity Fund?
By market value today: BlackRock USD Institutional Digital Liquidity Fund (A$3.2B vs A$2.9B). Size measures money invested, not quality — but it does measure liquidity, which affects how easily you can buy and sell.
Which performed better this year?
Over the past 12 months in AUD terms: ONDO −58.9%, BUIDL −6.3% — the chart above shows the whole path, which matters more than the endpoints. Past performance is no indicator of future results, in either direction.
Can I buy both in Australia?
Availability differs — check the where-to-buy section on each coin's page. Compare costs first on the fee calculator, and remember every crypto-to-crypto swap between them is a CGT event.
Should I hold ONDO or BUIDL?
That's a personal decision we don't make for you — this page exists to make the structural differences clear so the choice is yours. What we'd say to anyone: understand what job each coin is designed for, size positions like the risk is real, and check the honest failure statistics before going further down the market-cap list.
Data from our market records (powered by CoinGecko), refreshed with the daily rebuild. General information only, not financial advice — we compare structure and history, we don't pick winners.