š BlackRock Expands BUIDL Fund to 5 New Blockchains!
BlackRock is driving the future of digital finance with its BUIDL fund! Originally launched on Ethereum in March 2024, this tokenized fund has now expanded to Aptos, Arbitrum, Avalanche, Optimism, and Polygonāmaking it the worldās largest tokenized fund by assets under management in just 40 days.
š Why It Matters:
1ļøā£ Increased Access: New blockchains mean broader reach and enhanced functionality for investors, DAOs, and crypto firms.
2ļøā£ Unique Blockchain Features:
ā¢ Arbitrum: Low transaction fees.
ā¢ Avalanche: Scalability and speed.
ā¢ Aptos: Top-tier security.
3ļøā£ On-Chain Innovation: Investors gain access to on-chain yields, peer-to-peer transfers, and dividend distribution.
š BlackRockās Vision
Supported by BNY Mellon, this move reflects BlackRock's commitment to blending traditional finance with blockchain innovation, giving users the freedom to build and interact with tokenized financial products across their favorite networks.
š¬ Do you think this expansion will drive demand for these blockchainsā tokens? Letās discuss below!
