BlackRock has expanded its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to five additional blockchain networks including Polygon.
As of March 2025, BlackRock's assets under management on Polygon have surpassed $30 million.
Polygon plays a crucial role as the infrastructure layer for BlackRock's BUIDL program, providing scalability and lower transaction fees compared to Ethereum's mainnet.
BlackRock's expansion on Polygon strengthens institutional adoption of tokenized assets, offering on-chain yield opportunities, flexible custody solutions, and seamless on-chain dividend accrual and distribution.