BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon
Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), Optimism (OP), and Polygon (POL). As stated by Securitize chief executive and co-founder Carlos Domingo, “We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization. Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have be...