tl;dr
BlackRock, the world's largest asset manager, is expanding its tokenized USD Institutional Digital Liquidity Fund, BUIDL, by creating new "share classes" on platforms like Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. Each supported blockchain enables direct interaction with BUIDL ...
BlackRock, the world's largest asset manager, is expanding its tokenized USD Institutional Digital Liquidity Fund, BUIDL, by creating new "share classes" on platforms like Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. Each supported blockchain enables direct interaction with BUIDL on-chain, offering enhanced on-chain yield, flexible custody, 24/7 peer-to-peer transfers, and on-chain dividend accrual and distribution. BlackRock's move broadens its reach and aims to make the investment platform more flexible and accessible.
BlackRock's influence in the digital currency market is growing with the launch of the iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, approved by the US SEC in January. This move indicates a trend of merging traditional assets with blockchain-based technology, introducing investors to a hybrid model blending traditional finance's stability with digital asset innovation.
BlackRock, the world’s largest asset manager, has announced the expansion of its tokenized USD Institutional Digital Liquidity Fund, known as BUIDL. By creating new “share classes” on platforms including Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon, BlackRock is broadening entry to the fund. Each supported blockchain enables direct interaction with BUIDL on-chain, providing enhanced on-chain yield, flexible custody, and 24/7 peer-to-peer transfers, making the platform highly versatile. This move helps BlackRock broaden its reach and offer a more flexible investment platform. The fund’s expansion, tokenized by Securitize, aims to boost accessibility.
BlackRock's influence in the digital currency market is growing with the launch of the iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, approved by the US SEC in January. IBIT has seen significant capital inflows amid Bitcoin’s recent bull run, reaching $40 billion in assets in record time.
BlackRock’s venture into tokenized funds and cryptocurrency ETFs indicates a trend of merging traditional assets with blockchain-based technology. With products like BUIDL and crypto ETFs, BlackRock introduces investors to a hybrid model, blending traditional finance’s stability with digital asset innovation. Tokenized funds, like BUIDL, allow investors to access on-chain assets with increased flexibility and accessibility. Meanwhile, ETFs provide a familiar entry point for traditional investors entering the digital asset space.