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VisitWill BlackRock's BUIDL fund expand to another non-EVM blockchain by March 2025?
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BlackRock's official announcements or press releases
BlackRock Expands $500M BUIDL Fund via Securitize and Wormhole to Five New Blockchains
Nov 13, 2024, 02:26 PM
BlackRock, the world's largest asset manager, has expanded its USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, to multiple blockchains using Wormhole technology. Initially launched on Ethereum in March 2024, BUIDL is now available on Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. Aptos stands out as the only non-EVM chain to host the fund. BUIDL invests in short-term U.S. securities and has amassed over $500 million in assets. The multi-chain expansion is supported by Ondo Finance, which intends to diversify BUIDL reserves across supported blockchains to facilitate liquidity. This move marks a significant step forward for real-world asset tokenization in the blockchain space.
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