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BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to Five New Blockchains

Author: Content Editor
BlackRock, the world's largest asset-management company, is expanding the availability of its tokenized real-world asset fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to five additional blockchains. The fund, which is backed by short-term U.S. Treasuries and has $520 million of assets, was originally launched on Ethereum in March. By expanding to networks such as Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon, BlackRock aims to increase access to the largest money-market fund token. The tokenization of real-world assets is a growing trend in the intersection of crypto and traditional finance, enabling faster settlements and operational efficiencies. The BUIDL token has already garnered significant deposits, making it the largest product in the $2.3 billion tokenized U.S. Treasury market.

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