AltStreet
EDGAR Verified
Primary Source · SEC.gov

BlackRock USD Institutional Digital Liquidity Fund Ltd.

CIK 0002013810Fund Vehicle2025 vintage506(c), 3(c)
SecuritizeFull Review

Raised

$3.3B

Investors

42

Min Invest

$100,000

AltStreet Analysis

·

Generated from EDGAR primary sources

BlackRock USD Institutional Digital Liquidity Fund Ltd. is a tokenized real-world asset vehicle managed by BlackRock, raising $3.25 billion from 42 investors under Rule 506(c) and Section 3(c) exemptions with a $100K minimum investment. This amended filing is part of the Securitize platform ecosystem, representing one of the largest tokenized fund offerings on record.

This is an institutional-scale tokenized liquidity fund using the 506(c)/3(c) exemption pattern common to digital asset platforms. The $100K minimum is relatively accessible for a $3.2B raise, suggesting broad institutional distribution. The capital raised significantly exceeds typical tokenized RWA offerings, which generally range from low single-digit millions to under $200M.

Data Flags

generalBritish Virgin Islands domicile filing Form D indicates cross-border offshore structure
total_amount_soldExceptionally large raise ($3.25B) relative to tokenized RWA peer set; 29x larger than next-largest Securitize platform entity (Apollo Diversified Credit at $110.9M)
investor_countAverage check size of $77.4M per investor is extremely high, indicating concentrated institutional capital
sales_compensationNo sales commissions stated on a large 506(c) general solicitation offering

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002013810
Entity NameBlackRock USD Institutional Digital Liquidity Fund Ltd.
Exemption506(c), 3(c)
First Sale Date—
Filing DateJuly 18, 2025
Accession Number0002004687-25-000001
Total Amount Sold$3.3B
Total Investors42
Minimum Investment$100,000
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment Count1 amendments filed

Capital Raise Timeline

Chronological filing history from primary SEC Form D documents. Delta figures show change from previous filing.

Mar 2024D
$100,000 min
Jul 2025D/ALatest
$3.3B(+$3.3B)42 investors(+42)$100,000 min

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Ian Pilgrim

Director · Hamilton, D0

W. Woods

Director · George Town, E9

Noelle L'Heureux

Director · San Franciso, CA

Jennifer Collins

Director · Grand Cayman, E9

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.