Foundation (Passport) vs BlackRock BUIDL
Foundation (Passport) vs BlackRock BUIDL: What the Data Shows
Foundation (Passport) (dedicated custody) and BlackRock BUIDL (tokenized-treasury) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? The scores are close — Foundation (Passport) at 82/100 (A-) and BlackRock BUIDL at 80/100 (B+). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.
Where Each Platform Wins
On custody and security, these two are within 3 points of each other (85 vs. 88). When custody scores are this close, look at the specifics: key management model, insurance coverage, and whether either platform has a single point of failure. On fees, Foundation (Passport) wins by 18 points. Foundation (Passport) charges ~$200 compared to 0.50% management fee at BlackRock BUIDL. Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators.
The Custody Question
Both Foundation (Passport) and BlackRock BUIDL have addressed the single-point-of-failure problem — neither relies on a single custodian or a single set of keys. That puts both platforms ahead of the majority of the industry. The difference comes down to implementation: Foundation (Passport) uses Hardware Wallet, while BlackRock BUIDL uses Multi-Institution (BNY Mellon + Securitize).
Bottom Line
Foundation (Passport) edges out BlackRock BUIDL by 2 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize open source hardware and software. beautiful industrial design. bitcoin-only. over largest tokenized treasury fund ($2.5b+). blackrock as asset manager, securitize as tokenization agent, bny mellon as custodian. daily nav. multi-chain deployment across 7 networks.. Keep in mind these platforms target different audiences — Foundation (Passport) is built for bitcoin purists, while BlackRock BUIDL serves accredited investors & institutions. One thing to watch with BlackRock BUIDL: accredited investor requirement. minimum investment reduced but still institutional-oriented. smart contract risk on multiple chains. sec-registered but novel structure..
Which is better, Foundation (Passport) or BlackRock BUIDL?
Based on our six-category scoring methodology, Foundation (Passport) scores higher at 82/100 compared to 80/100. The biggest differentiator is custody security, which accounts for 35% of the overall score. However, the right choice depends on your individual needs — review the category breakdown above.
Is Foundation (Passport) safe for storing Bitcoin?
Foundation (Passport) scored 85/100 on custody and security in our methodology. It has no single point of failure, distributing custody across multiple entities. Its custody model is classified as Hardware Wallet. Always verify these details and do your own research.
Does BlackRock BUIDL have a single point of failure?
No. BlackRock BUIDL has eliminated single-point-of-failure risk through its Multi-Institution (BNY Mellon + Securitize) model, distributing keys or access across multiple entities.
What are the fees for Foundation (Passport) vs BlackRock BUIDL?
Foundation (Passport) charges ~$200. BlackRock BUIDL charges 0.50% management fee. Foundation (Passport) scored 90/100 on fees versus 72/100 for BlackRock BUIDL in our methodology.