BlackRock Expands BUIDL To Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, And Polygon
BlackRock is expanding its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to five new blockchains: Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. This move broadens access to the fund, which is backed by short-term U.S. government bonds and designed to offer institutional investors and decentralized finance protocols a way to earn yield and use the token as collateral. BUIDL, initially launched on Ethereum, has already attracted over $520 million in deposits, making it the largest product in the $2.3 billion tokenized U.S. Treasury market.
Source: Coindesk