BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains

We're thrilled to announce that the @BlackRock USD Institutional Digital Liquidity Fund, tokenized by Securitize, is expanding across @Aptos, @Arbitrum, @Avax, @Optimism, and @0xPolygon. This multi-chain

BlackRock, the world’s largest asset manager, is expanding its BUIDL tokenized treasury fund to five new blockchains in partnership with Securitize.

The new blockchains include Aptos, Arbitrum, Avalanche, Optimism, and Polygon.

With this move, BlackRock is making it easier for people to invest in its BUIDL fund through more blockchain networks, opening up new avenues for investors.

BUIDL is BlackRock’s tokenized treasury fund, which means it’s a type of digital investment fund. When something is “tokenized,” it means that shares of the fund are represented by digital tokens, which people can buy and trade. These tokens make it easier and faster to invest in big funds like BlackRock’s, allowing people to participate without traditional paperwork.

BlackRock has chosen five blockchains that are popular for their speed, low costs, and secure technology. By adding BUIDL to these blockchains, they’re giving more people access to the fund.

Each blockchain has its benefits. Some are super fast, some are low-cost, and others offer unique features for investors. By putting BUIDL on different blockchains, BlackRock makes it easier for investors to find what fits best for them.