BlackRock, the world’s largest asset manager, has announced the expansion of its tokenized USD Institutional Digital Liquidity Fund, known as BUIDL, to five new blockchains: Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon. This move aims to broaden access to the fund and enhance its functionality through a multi-chain approach.
By creating new “share classes” on these platforms, BlackRock is enabling a wider range of investors, including decentralized autonomous organizations (DAOs) and digital asset firms, to participate in BUIDL. Each supported blockchain will allow applications and users to interact directly with the fund on-chain, offering features like on-chain yield, flexible custody, and near-instant peer-to-peer transfers.
This multi-chain strategy positions BUIDL as a versatile platform, providing on-chain dividend accrual and distribution while also allowing developers to integrate the fund into their preferred blockchain ecosystems. This expansion reflects BlackRock’s commitment to embracing digital asset technology and bridging the gap between traditional finance and the decentralized world.
Get the weekly commit
New blockchain deep dives every week.
