Blackrock is expanding its tokenized money fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to nearly half a dozen additional blockchain networks, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Initially launched on the Ethereum network, BUIDL invests primarily in short-dated U.S. Treasury bills and similar low-risk securities. Securitize, which tokenized the fund, emphasizes that these expansions will attract more investors looking to leverage blockchain technology for efficiency gains. The tokenized U.S. treasury debt market currently commands about $2.3 billion in value. BUIDL is the leading tokenized treasury fund, with approximately $510 million in assets under management, followed by Franklin Templeton's offerings. Each new blockchain will allow native interaction with BUIDL, offering benefits like peer-to-peer transfers and on-chain yield. Tokenized real-world assets represent a vast $30 trillion global market opportunity, and the adoption of distributed ledger technology could enhance transparency and efficiency in treasury trading operations.

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