BlackRock has expanded its tokenized real-world asset fund, known as BUIDL, beyond Ethereum, making it now available on Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. Launched in March, BUIDL is backed by short-term U.S. Treasuries and has amassed $520 million in assets, positioning it as the largest blockchain-based money market fund. The fund aims to facilitate faster settlements and operational efficiencies in finance by utilizing blockchain technology. Securitize, the tokenization platform partnering with BlackRock, seeks to attract more investors by enhancing access to these digital assets. BUIDL's management fee varies across networks, being 50 basis points on Ethereum, Aptos, and Arbitrum, but only 20 basis points on Aptos, Avalanche, and Polygon. These developments suggest a growing trend of traditional finance integrating with blockchain solutions, particularly in managing assets like government bonds.

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