BlackRock, one of the world’s leading asset managers, explores multichain solutions for the future of finance. Specifically, it expands the BUIDL universe: which launched in March on Ethereum and has now expanded to Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet and Polygon.
By the way, the RWA.xyz platform, dedicated to the publication of data on tokenized assets, indicated: «BREAKING: BLACKROCK GOES TO MULTICHAIN. The world’s largest asset manager is using Securitize and Wormhole to launch BUIDL, its flagship tokenized treasury fund, on 5 new Blockchains: Aptos, Arbitrum, Avalanche, Optimism and Polygon.
BREAKING: BLACKROCK GOES MULTI-CHAIN
The world’s largest asset manager partnered with Securitize to launch BUIDL, their flagship tokenized treasury fund, on 5 new blockchains:
Aptos, Arbitrum, Avalanche, Optimism, Polygon pic.twitter.com/vT29LUSuEa
— RWA.xyz (@RWA_xyz) November 13, 2024
BlackRock: BUIDL now available on Aptos, Arbitrum, Avalanche, Optimism and Polygon
Indeed, BlackRock announced the expansion of its BlackRock USD Institutional Digital Liquidity Pool (BUIDL) to five additional Blockchain networks: Aptos, Arbitrum, Avalanche, Optimism and Polygon.
Major News 🚨@BlackRockthe world’s largest asset manager, has announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by @Securitizeyou have landed on Aptos – the best blockchain for institutional finance and the only non-EVM chain to offer… pic.twitter.com/a5rm0KFGCt
— Aptos (@Aptos) November 13, 2024
This expansion allows users to natively interact with BUIDL on multiple Blockchains. Enjoying returns generated directly on-chain, flexible custody, near-instant peer-to-peer transfers, and the ability to receive dividends on-chain. This simplifies and streamlines digital asset management.
In this regard, Carlos Domingo, CEO and co-founder of Securitize, stated: “We wanted to develop an ecosystem that was carefully designed to be digital. And take advantage of the advantages of tokenization.
According to Domingo, the expansion exemplifies the growth of tokenization. As additional Blockchain integrations open new avenues for real-world assets to scale and reach digital-native investors.
BNY Mellon and BUIDL lead the multichain tokenization revolution
For its part, BNY Mellon, in its role as fund manager and custodian, has supported the expansion of BUIDL to new Blockchains, each providing distinctive characteristics, seeking to harness the potential of each Blockchain ecosystem to drive the adoption of BUIDL:
- Aptos’ innovative Move programming.
- Arbitrum’s low transaction costs.
- The extensive community of Polygon users, among others.
In closing, this initiative marks a milestone in the evolution of tokenization, allowing BUIDL to be integrated into the most advanced infrastructures and financial products of various Blockchain ecosystems.
By enabling native interaction with BUIDL, each new Blockchain expands the possibilities for applications and users, offering benefits such as on-chain performance, flexible custody, instant transfers and dividend distribution. This is a fundamental step towards the future of decentralized finance.
I say goodbye with this phrase from Don Tapscott: “Blockchain is the basis of a new digital economy.”
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