BUIDL Fund Now Available on Five New Blockchains
BlackRock’s tokenized BUIDL fund, created in collaboration with Securitize, is expanding from Ethereum to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This expansion enhances access for digital asset-native entities and enables developers to build within their preferred blockchain ecosystems.Leading the Tokenized Securities Market
Since launching in March, BUIDL has become the leading tokenized government securities fund, with $517 million in assets under management and a 22% market share. The fund’s success underscores the rapid growth in tokenized asset markets, particularly within government securities.Driving Efficiency with Tokenization
The fund’s expansion is part of BlackRock’s vision for an efficient, digital-first ecosystem for real-world assets. According to Securitize’s CEO, Carlos Domingo, blockchain integration is designed to simplify peer-to-peer transfers and enhance the tokenized asset experience.
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