According to the latest information, BlackRock has expanded its BUIDL fund to Arbitrum (ARB), Aptos (APT), Avalanche (AVAX), Optimism (OP) and Polygon.
BlackRock today announced that it will expand its BUILD fund, tokenized by Securitize and initially launched on the Ethereum network in March 2024, to Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon.
“This initiative represents the next step in the evolution of the tokenization market by enabling BUIDL to be used in leading blockchain-based financial products and infrastructures across ecosystems.
Each new blockchain enables an ecosystem of applications and users to interact natively with BUIDL, enabling on-chain yield with flexible custody, near-real-time peer-to-peer transfers, and on-chain dividend accrual and distribution.
“In less than 40 days, BUIDL has become the world’s largest tokenized fund, providing benefits for BUIDL investors through access to new ecosystems.”
“We wanted to develop an ecosystem that was carefully designed to go digital and take advantage of tokenization,” said Carlos Domingo, CEO and co-founder of Securitize. “Real-world asset tokenization is scaling, and we’re excited about the addition of these blockchains to expand the potential of the BUIDL ecosystem. With these new chains, we’ll start to see more investors looking to leverage the underlying technology to drive efficiency in all the things that were previously difficult to do.”
*This is not investment advice.