BlackRock, the world’s largest asset manager, has announced the expansion of its dollar-tokenized Institutional Digital Liquidity Fund, known as BUIDL.
By creating new “share classes” on these platforms (Aptos, Arbitrum, Avalanche, OP Mainnet de Optimism and Polygon), BlackRock is expanding access to the fund.
BlackRock in the digital asset ecosystem
Each blockchain supported allows applications and users to interact directly with BUIDL on-chain. Through this multi-network approach, BUIDL offers performance on-chain Improved, flexible custody and transfers peer-to-peer almost instantaneous 24/7. Also offers dividend accumulation and distribution on-chainmaking the platform highly versatile.
Additionally, it allows developers to integrate BUIDL within their ecosystems. blockchain preferred. This move helps BlackRock expand its reach and offer a more flexible investment platform. The expansion of the fund, tokenized by Securitizeaims to increase accessibility:
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“Real asset tokenization is scaling, and we are excited to have these blockchains added to increase the potential of the BUIDL ecosystem. “With these new blockchains we will start to see more investors looking to take advantage of the underlying technology to increase efficiencies in all the things that until now have been difficult to do,” said Carlos Domingo of Securitize in a press release.
Beyond BUIDL, BlackRock’s influence in the digital currency market is growing. The firm has made headlines with the launch of the iShares Bitcoin Trust (IBIT), the largest Bitcoin spot ETF. Following US SEC approval in January, IBIT fueled a wave of institutional investment in the Bitcoin ETF market.
Amid Bitcoin’s recent bullish rally, IBIT has view significant capital inflows, reaching $40 billion in assets in record time:
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“This is big. Some of these were under intense SEC scrutiny – now BlackRock’s seal of approval has been extended. “Another sign that the SEC’s reign of terror is ending.” said an X enthusiast.
BlackRock’s foray into tokenized funds and cryptocurrency ETFs signals a trend of merging traditional assets with blockchain-based technology. blockchain. With products like BUIDL and crypto ETFs, BlackRock introduces investors to a hybrid modelcombining the stability of traditional finance with the innovation of digital assets.
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Tokenized funds, like BUIDL, allow investors to access assets on-chain with greater flexibility and accessibility. Meanwhile, ETFs offer a familiar entry point for traditional investors entering the digital asset space.
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