# BlackRock

> BlackRock: Asset manager · tokenized fund. Confidentiality status: No privacy yet.

Part of the Soda Labs Privacy Hub, a neutral directory of the on-chain privacy
landscape: https://www.sodalabs.xyz/privacy-hub

## Key facts

- Entry type: Token issuer or protocol
- Category: Asset manager · tokenized fund
- Confidentiality status: No privacy yet
- Tags: asset manager, fund
- Canonical page: https://www.sodalabs.xyz/privacy-hub/tok-blackrock

## Overview

BUIDL is the most cited example of the transparency problem in tokenized funds. Every mint, transfer, redemption and holder balance is readable on a block explorer, and the allowlist that gates participation is access control rather than confidentiality. Coverage through 2026 has treated this openness as a structural liability once institutional desks trade at scale.

## Sources

- [The privacy paradox](https://www.forbes.com/sites/digital-assets/2026/04/02/the-privacy-paradox-in-on-chain-finance/)

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