BlackRock has announced the expansion of its USD Institutional Digital Liquidity Fund (BUIDL) to seven blockchain networks, including Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon. Launched in March 2024 on the Ethereum blockchain, BUIDL rapidly became the largest tokenised fund, surpassing Franklin Templeton’s On-Chain U.S. Money Market Fund. This expansion allows users across these blockchains to interact natively with BUIDL, enhancing accessibility and potential for real-world asset tokenization. As of now, BUIDL is valued at $510 million, reflecting significant growth in the tokenised fund market.
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