BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expands to multiple blockchain networks including Aptos, Arbitrum, Avalanche, Optimism, and Polygon.
The expansion strengthens BlackRock's tokenization efforts and allows easier access to BUIDL for users and applications in these blockchain ecosystems.
The fund offers features such as on-chain yield, flexible custody, real-time transfers, and on-chain dividend accrual and distribution.
BNY Mellon, the fund's administrator, supports the expansion and continues to act as custodian for the additional blockchain networks.