đ BlackRock Expands BUIDL Fund to 5 New Blockchains!
BlackRock is driving the future of digital finance with its BUIDL fund! Originally launched on Ethereum in March 2024, this tokenized fund has now expanded to Aptos, Arbitrum, Avalanche, Optimism, and Polygonâmaking it the worldâs largest tokenized fund by assets under management in just 40 days.
đ Why It Matters:
1ïžâŁ Increased Access: New blockchains mean broader reach and enhanced functionality for investors, DAOs, and crypto firms.
2ïžâŁ Unique Blockchain Features:
âą Arbitrum: Low transaction fees.
âą Avalanche: Scalability and speed.
âą Aptos: Top-tier security.
3ïžâŁ On-Chain Innovation: Investors gain access to on-chain yields, peer-to-peer transfers, and dividend distribution.
đ BlackRockâs Vision
Supported by BNY Mellon, this move reflects BlackRock's commitment to blending traditional finance with blockchain innovation, giving users the freedom to build and interact with tokenized financial products across their favorite networks.
đŹ Do you think this expansion will drive demand for these blockchainsâ tokens? Letâs discuss below!