BlackRock USD Institutional Digital Liquidity Fund Ltd. (Form: D/A, Received: 07/18/2025 09:45:03)

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM D	OMB APPROVAL OMB Number: 3235-0076 Estimated Average burden hours per response: 4.0
Notice of Exempt Offering of Securities


1. Issuer's Identity
CIK (Filer ID Number)	Previous Name(s) x None	Entity Type
0002013810		o Corporation o Limited Partnership o Limited Liability Company o General Partnership o Business Trust x Other Limited Company
Name of Issuer
BlackRock USD Institutional Digital Liquidity Fund Ltd.
Jurisdiction of Incorporation/Organization
VIRGIN ISLANDS, BRITISH

Year of Incorporation/Organization
	o	Over Five Years Ago
	x	Within Last Five Years (Specify Year)	2023
	o	Yet to Be Formed

2. Principal Place of Business and Contact Information
Name of Issuer
BlackRock USD Institutional Digital Liquidity Fund Ltd.

Street Address 1		Street Address 2
50 HUDSON YARDS

City	State/Province/Country	ZIP/Postal Code	Phone No. of Issuer
NEW YORK	NEW YORK	10001	(212) 810-5300

3. Related Persons

Last Name	First Name	Middle Name
Pilgrim	Ian

Street Address 1	Street Address 2
Mintflower Place, 3rd Floor	8 Par-la-Ville Road

City	State/Province/Country	ZIP/Postal Code
Hamilton	BERMUDA	HM08

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Woods	W.	William

Street Address 1	Street Address 2
c/o Paradigm Governance Partners Ltd.	3rd Fl., One Capital Pl., 136 Shedden Rd

City	State/Province/Country	ZIP/Postal Code
George Town	CAYMAN ISLANDS	KY1-9006

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
L'Heureux	Noelle

Street Address 1	Street Address 2
400 Howard Street

City	State/Province/Country	ZIP/Postal Code
San Franciso	CALIFORNIA	94105

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Collins	Jennifer

Street Address 1	Street Address 2
Carne Group,Winward 3, Regatta Office Pk	West Bay Road, PO Box 30872

City	State/Province/Country	ZIP/Postal Code
Grand Cayman	CAYMAN ISLANDS	KY1-1204

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

4. Industry Group

o	Agriculture			Health Care		o	Retailing
	Banking & Financial Services			o	Biotechnology	o	Restaurants
	o	Commercial Banking		o	Health Insurance		Technology
	o	Insurance		o	Hospitals & Physicians		o	Computers
	o	Investing		o	Pharmaceuticals		o	Telecommunications
	o	Investment Banking		o	Other Health Care		o	Other Technology
	x	Pooled Investment Fund o Hedge Fund x Other Investment Fund o Private Equity Fund o Venture Capital Fund *Is the issuer registered as an investment company under the Investment Company Act of 1940? o Yes x No					Travel
			o	Manufacturing			o	Airlines & Airports
				Real Estate			o	Lodging & Conventions
				o	Commercial		o	Tourism & Travel Services
				o	Construction		o	Other Travel
				o	REITS & Finance	o	Other
	o	Other Banking & Financial Services		o	Residential
	o	Other Banking & Financial Services		o	Other Real Estate
o	Business Services
	Energy
	o	Coal Mining
	o	Electric Utilities
	o	Energy Conservation
	o	Environmental Services
	o	Oil & Gas
	o	Other Energy

5. Issuer Size

Revenue Range		Aggregate Net Asset Value Range
o	No Revenues	o	No Aggregate Net Asset Value
o	$1 - $1,000,000	o	$1 - $5,000,000
o	$1,000,001 - $5,000,000	o	$5,000,001 - $25,000,000
o	$5,000,001 - $25,000,000	o	$25,000,001 - $50,000,000
o	$25,000,001 - $100,000,000	o	$50,000,001 - $100,000,000
o	Over $100,000,000	o	Over $100,000,000
o	Decline to Disclose	x	Decline to Disclose
o	Not Applicable	o	Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

o	Rule 504(b)(1) (not (i), (ii) or (iii))	o	Rule 505
o	Rule 504 (b)(1)(i)	o	Rule 506(b)
o	Rule 504 (b)(1)(ii)	x	Rule 506(c)
o	Rule 504 (b)(1)(iii)	o	Securities Act Section 4(a)(5)
		x	Investment Company Act Section 3(c)
			o	Section 3(c)(1)	o	Section 3(c)(9)
			o	Section 3(c)(2)	o	Section 3(c)(10)
			o	Section 3(c)(3)	o	Section 3(c)(11)
			o	Section 3(c)(4)	o	Section 3(c)(12)
			o	Section 3(c)(5)	o	Section 3(c)(13)
			o	Section 3(c)(6)	o	Section 3(c)(14)
			x	Section 3(c)(7)

7. Type of Filing

New Notice

Date of First Sale

2024-03-04

First Sale Yet to Occur

Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?

Yes

9. Type(s) of Securities Offered (select all that apply)

x	Pooled Investment Fund Interests	o	Equity
o	Tenant-in-Common Securities	o	Debt
o	Mineral Property Securities	o	Option, Warrant or Other Right to Acquire Another Security
o	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security	o	Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?	o	Yes	x	No

Clarification of Response (if Necessary)

11. Minimum Investment

Minimum investment accepted from any outside investor

$ 100000 USD

12. Sales Compensation

Recipient			Recipient CRD Number	o	None
Securitize Markets, LLC			283256
(Associated) Broker or Dealer	x	None	(Associated) Broker or Dealer CRD Number	x	None

Street Address 1			Street Address 2
701 S Miami Ave			Brickell City Cent C/O Wework

City	State/Province/Country	ZIP/Postal Code
Miami	FLORIDA	33131

State(s) of Solicitation	x	All States	o	Foreign/Non-US

13. Offering and Sales Amounts

Total Offering Amount	$ USD	x Indefinite
Total Amount Sold	$ 3251152228 USD
Total Remaining to be Sold	$ USD	x Indefinite

Clarification of Response (if Necessary)

14. Investors

o	Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, Number of such non-accredited investors who already have invested in the offering
	Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:	42

15. Sales Commissions & Finders’ Fees Expenses

Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$ 525000 USD	x	Estimate
Finders' Fees	$ 0 USD	o	Estimate

Clarification of Response (if Necessary)

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$ 0 USD

Estimate

Clarification of Response (if Necessary)

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each Issuer named above is:

Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, the information furnished to offerees.

Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the Issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).


	Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.
	For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer	Signature	Name of Signer	Title	Date
BlackRock USD Institutional Digital Liquidity Fund Ltd.	/s/ Noelle L'Heureux	Noelle L'Heureux	Director	2025-07-17