Blackrock expands BUIDL sharing units to 5 Blockchains

BlackRock, the world's largest asset manager, has announced the expansion of its US Dollar Institute Digital Liquid Fund, known as BUIDL.

BlackRock is expanding access to the fund by creating new “share rooms” on these platforms (Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet and Polygon).

Blackrock in the digital assets ecosystem

Each supported blockchain allows applications and users to connect directly to BUIDL on-chain. With this multi-network approach, BUIDL offers on-chain enhanced production, dynamic protection and near 24/7 peer-to-peer transfers. It also offers on-chain distribution and distribution, making the platform versatile.

Additionally, it allows developers to integrate BUIDL into their chosen blockchain ecosystems. This move will help BlackRock expand its reach and provide a more flexible investment platform. The expansion of the securitized fund is aimed at increasing access.

“Real-world property tokenization is expanding, and we are excited to have these blockchains to increase the potential of the BUIDL ecosystem. “We're starting to see a lot of investors looking to use the underlying technology to add efficiency to everything that's been difficult to do in these new chains,” Securitis and co-founder Carlos Domingo said in a press release.

Beyond BUIDL, BlackRock's influence on the digital currency market is growing. The company made headlines by launching the largest position Bitcoin ETF, the iShares Bitcoin Trust (IBIT). Following its US SEC approval in January, IBIT has ushered in a wave of institutional investment into the Bitcoin ETF market. Amid the recent Bitcoin bull run, IBIT has seen significant capital inflows, hitting $40 billion in assets in record time.

“This is huge. Some of these were subject to high SEC scrutiny – now BlackRock's seal of approval has been extended. Another sign that the SEC's reign of terror is coming to an end.” said one fan on X.

BlackRock's venture into tokenized funds and cryptocurrency ETFs shows the trend of combining traditional assets with blockchain-based technology. With products like BUIDL and crypto ETFs, BlackRock introduces investors to a hybrid model, combining traditional financial stability with digital asset creation.

Tokenized currencies, like BUIDL, allow investors to access on-chain assets with flexibility and accessibility. Meanwhile, ETFs provide a familiar entry point for traditional investors entering the digital asset space.