BlackRock expands BUIDL to Aptos, Arbitrum and Optimism

2024-11-14 18:07

BlackRock has announced its tokenized US Treasuries fund is now available on other chains. The company has expanded beyond Ethereum, with BlackRock USD Institutional Digital Liquidity Fund (BUIDL) now on Aptos, Avalanche, Arbitrum, Polygon and Optimism.

BlackRock has expanded its tokenized US Treasuries fund beyond Ethereum, adding support for multiple blockchain networks.

In an announcement on Nov. 13, the asset manager said its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accessible across Aptos (APT), Avalanche (AVAX), Arbitrum (ARB), Polygon (POL) and Optimism (OP).

This means investors can explore BUIDL, the tokenized fund that launched in March 2024 and issued by real-world asset tokenization provider Securitize, on other chains other than Ethereum.

🌐 BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains

We’re thrilled to announce that the @BlackRock USD Institutional Digital Liquidity Fund, tokenized by Securitize, is expanding across @Aptos, @Arbitrum, @Avax, @Optimism, and @0xPolygon. This multi-chain… pic.twitter.com/lgsnUbVejc

— Securitize (@Securitize) November 13, 2024

BlackRock will launch new share classes of BUIDL on the five networks, offering native interaction and near real-time year-round access. Set to benefit are investors and decentralised autonomous organisations among other crypto-native firms.

Securitize chief executive officer and co-founder Carlos Domingo, commented:

“Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do.”

BlackRock’s BUIDL has grown to become the world’s largest tokenized fund by assets under management.

According to data from RWA.xyz, the global RWA on-chain market is over $13 billion. Per the market data, about $2.3 billion is in tokenized treasuries, dominated by BlackRock. The BUIDL fund currently accounts for $521 million of this market, ahead of Ondo U.S. Dollar Yield that as an AUM of $451 million.

The post BlackRock expands BUIDL to Aptos, Arbitrum and Optimism appeared first on CoinJournal.

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