BlackRock, the world's largest asset manager, has expanded its flagship 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. government bonds, pays daily dividends to investors in the form of new tokens. Since its launch in March, it has amassed over $520 million in assets under management (AUM). The expansion to new blockchains offers faster transaction speeds and reduced fees, making it more accessible and efficient for investors. The fund can also be used within DeFi platforms, providing a stable yield option. BlackRock's move follows other major financial institutions exploring the integration of blockchain technology.



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