BlackRock expands its tokenized fund BUIDL to multiple blockchains
BlackRock announced last week the expansion of its tokenized fund BUIDL (BlackRock USD Institutional Digital Liquidity Fund), initially introduced on Ethereum in March 2024, to new blockchains.
The added blockchains include Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon.
BUIDL, tokenized by Securitize, has become the largest fund in the tokenized government securities market, with $517 million in assets under management, representing 22% of a $2.3 billion market.
This expansion offers greater accessibility for investors, decentralized autonomous organizations (DAOs), and other digital asset-native companies, allowing developers to build on BlackRock's fund in their preferred ecosystem, according to the press release.