BlackRock’s BUIDL joins Aptos, Arbitrum, Avalanche, Optimism and Polygon

BlackRock is expanding its tokenized fund BUIDL to multiple blockchains.

BlackRock announced the expansion of the BlackRock USD Institutional Digital Liquidity Fund – BUIDL, tokenized by Securitize, to five additional blockchains: Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), Optimism (OP) and Polygon (MATIC).

First launched on Ethereum (ETH) in March 2024, BUIDL quickly became the world’s largest tokenized fund in terms of assets under management, reaching this milestone in less than 40 days.

BUIDL’s broader ecosystem

By introducing new sharing classes to these blockchains, BlackRock aims to increase access to the BUIDL ecosystem, benefiting investors, decentralized autonomous organizations, and firms focused on digital assets.

The addition of these blockchains enables BUIDL investors to benefit from on-chain yield, peer-to-peer transfers, and on-chain dividend accrual and distribution. Each blockchain provides unique features, from Arbitrum’s low fees and fast transactions to Avalanche’s scalability and Aptos’ advanced security.

BlackRock’s fund manager BNY Mellon supported this integration, ensuring investors’ continuity in digital and traditional financial systems.

This move underscores BlackRock’s commitment to digital finance innovation, providing developers and users across diverse ecosystems with greater flexibility to create and interact with tokenized financial products on the platforms they prefer.