BlackRock expands its tokenized fund BUIDL to five new blockchains, targeting financial institutions.

BlackRock, the world's largest asset manager, has expanded its tokenized money market fund, BUIDL, onto five new blockchains: Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Initially launched on Ethereum, BUIDL, which is backed by short-term U.S. Treasuries, now offers access to over $520 million in assets. This move targets financial institutions interested in blockchain technology.

November 13, 2024
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