BlackRock Expands RWA Market Share to Aptos, Arbitrum, Avalanche, Optimism, and Polygon

BlackRock USD Institutional Digital Liquidity (BUIDL) continues to expand its market share by entering four additional networks: Aptos, Arbitrum, Avalanche, Optimism, and Polygon.

Blackrock Expands Rwa Market Share To Aptos, Arbitrum, Avalanche, Optimism, And Polygon

The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), digitized in partnership with Securitize, is expanding from the Ethereum platform to several new blockchains, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon.

BlackRock Expands RWA Market Share to Aptos, Arbitrum, Avalanche, Optimism, and Polygon
BlackRock Expands RWA Market Share to Aptos, Arbitrum, Avalanche, Optimism, and Polygon

This expansion will enhance direct interaction with BUIDL, making the fund more accessible to investors, decentralized autonomous organizations (DAOs), and businesses in the digital asset sector. According to Securitize, this move enables developers to build applications on their preferred blockchain, thereby broadening BUIDL’s application potential. Notably, the digitized fund offers key advantages such as on-chain yield, dividend accumulation, and fast transaction capabilities between parties.

Carlos Domingo, CEO and co-founder of Securitize, stated:

We aim to develop a specialized ecosystem that maximizes the potential of tokenization technology. As the trend toward real-world asset (RWA) digitization continues to grow, expanding to new blockchains will further drive the BUIDL ecosystem. This not only attracts more investors but also provides opportunities for them to optimize capital operations that have previously faced significant challenges.

BNY Mellon will continue to manage and custody BUIDL across Ethereum and the newly added blockchains.

Previously, Franklin Templeton pioneered with the OnChain U.S. Government Money Fund (FOBXX) — the first fund in the U.S. to use a public blockchain to record share ownership via the BENJI token since 2021. Currently, FOBXX operates on several blockchains, including Aptos, Arbitrum, Avalanche, Stellar, and Polygon.

Related: BlackRock Bitcoin ETF Fund Surpasses $30 Billion

However, BlackRock’s BUIDL fund has quickly captured the market for digitized government securities. Just 40 days after its launch in March, BUIDL became the largest fund in this segment, with total assets under management reaching $517 million, accounting for 22% of the market share in the $2.3 billion segment (according to data from 21.co, the parent company of Bitcoin ETF provider 21Shares).

BlackRock’s BUIDL fund
BlackRock’s BUIDL fund
(1 vote)

5.0/5

(1 vote)

Latest

Xrp Lawyer Refutes The Biggest Lie In The Crypto Industry

News | Editor Choice | Policy & Regulations

XRP Lawyer Refutes the Biggest Lie in the Crypto Industry

Ripple lawyer Bill Morgan firmly refutes accusations that XRP lacks legal clarity, calling it “the biggest lie” in the crypto industry today.

How To Participate In Wump Airdrop

Airdrops | Editor Choice

How to Participate in Wump Airdrop

Join the airdrop hunt for the Wump project, inspired by Telegram projects but developed on the Discord platform.

Meta Drops Bitcoin Purchase Proposal, Zuckerberg May Be The Opponent

News | Bitcoin | Editor Choice

Meta Drops Bitcoin Purchase Proposal, Zuckerberg May Be the Opponent

Meta has rejected a proposal to include Bitcoin in its asset class, showing that the tech giant remains cautious about the cryptocurrency investment trend even as many large businesses are gradually joining the game.

Elon Musk Launches Xchat Inspired By Bitcoin

News | Bitcoin | Editor Choice

Elon Musk Launches XChat Inspired by Bitcoin

Elon Musk has just unveiled XChat — a new messaging feature on the X platform that integrates Bitcoin-level encryption and is developed using the Rust programming language, promising to set a new benchmark for security and privacy in digital messaging.

Price Prediction For Pi By The End Of 2025

Pi Network | Editor Choice

Price Prediction for PI by the End of 2025

According to CoinDCX, the price of PI Coin may see an uptrend by the end of this year and could recover to the range of $2 to $2.8.