Blackrock is on a blockchain spree! š The asset manager is expanding its tokenized money fund, BUIDL, to five more networks: Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Initially launched on Ethereum, BUIDL invests in low-risk U.S. Treasury bills, making it a hot pick for cautious crypto enthusiasts.
With tokenized real-world assets like T-Bills gaining traction, BUIDL is leading the pack with the largest assets under management. As more chains join the party, expect smoother transactions and on-chain dividends. It's a $30-trillion market opportunity, and Blackrock's ready to BUIDL it up!