⚡ BlackRock's BUIDL Fund Expands Blockchain Reach
posted 22 hr ago
BlackRock, the largest investment firm in the world, has expanded its BUIDL RWA fund to five new blockchains, including Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Until now, BUIDL was exclusively available on Ethereum.
This expansion allows a greater number of applications to connect with BUIDL, enhancing the potential for investors, DAOs, and organizations working with digital assets. Developers can now choose their preferred ecosystem to build and advance the fund.
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 been hard to doremarked Carlos Domingo, CEO and co-founder of Securitize.
BlackRock launched BUIDL back in March 2024. To this day, it has accumulated over $520 million, making it the most prominent product in the tokenized U.S. Treasury market, with a total capitalization of $2.35 billion.
Total value held in BUIDL. Source: rwa.xyz
Financial entities and the treasuries of various blockchain protocols use BUIDL to allocate capital on the blockchain, generating income or leveraging it as collateral for trading purposes. DeFi projects like Ondo Finance have adopted BUIDL as a core component for building their proprietary products.
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