BlackRock, the world’s largest asset manager, is broadening its reach in the digital finance space by expanding its tokenized liquidity fund, BUIDL, to multiple prominent blockchains. Initially launched on the Ethereum network in March 2024, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, will now be available on Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon.
This expansion marks a significant step in BlackRock’s commitment to pioneering real-world asset tokenization, allowing BUIDL to integrate across diverse blockchain ecosystems. With the new blockchain support, users and applications within these ecosystems can now engage with BUIDL natively, benefiting from features like on-chain yield, flexible custody options, and the capability for near real-time, round-the-clock peer-to-peer transfers. The fund also offers on-chain dividend accrual and distribution, making it a versatile option for decentralized finance (DeFi) and other blockchain-based financial applications.
BUIDL quickly became the largest tokenized fund by assets under management globally, achieving this status within 40 days of its initial Ethereum launch. The expanded access aims to empower a broader range of investors, from institutional entities to decentralized autonomous organizations (DAOs) and other crypto-native firms, who can now integrate BUIDL within their preferred blockchain ecosystem.
“We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization,” said Carlos Domingo, CEO and co-founder of Securitize. “Real-world asset tokenization is scaling, and we’re excited to add these blockchains to boost the potential of the BUIDL ecosystem.”
BNY Mellon, serving as fund administrator and custodian for BUIDL, played a crucial role in enabling this expansion across multiple blockchains.
