BlackRock expands blockchain ecosystem with USD Institutional Digital Liquidity Fund (BUIDL), Aptos, Arbitrum, Avalanche 
$32has increased its access to multiple blockchains such as Optimism and Polygon. This expansion aims to support the fund’s multi-chain tokenization strategy.
Multiple Blockchain Approach
BUIDL’s multi-chain approach provides broader access for investors, DAOls and digital asset firms. The fund offers features such as cross-chain returns, dividend accumulation, and near-instant peer-to-peer transfers.
BNY Mellon is supporting the expansion by acting as custodian and manager of the BUIDL fund across all platforms. This support aims to provide continuous control and management across newly added networks.
BUIDL’s Growth Performance
Ethereum 
$3,170 Launched on BUIDL, it became the largest tokenized fund in terms of assets under management within the first 40 days. According to RWA.xyz data, BUIDL’s market capitalization is at $558 million.
With these new chains, we will see more investors working to increase efficiency using technology.
Carlos Domingo, CEO of Securitize, stated that BUIDL’s expansion into these new blockchains supports the overall vision of the tokenized asset ecosystem. He also noted similar initiatives such as Franklin Templeton’s OnChain US Treasury Monetary Fund (FOBXX).
The multi-chain structure of the fund enables investors and digital asset-focused companies to benefit from blockchain technology more effectively. This strategy may play an important role in the future development of tokenization.
As a result, BlackRock’s BUIDL fund’s multi-blockchain support offers investors greater flexibility and opportunity while expanding access in the digital asset market. While the fund’s growth demonstrates the potential of tokenized finance, BNY Mellon’s backing provides reassurance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
