BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has expanded to multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon, to boost accessibility and support its multi-chain tokenisation strategy.
BUIDL offers features such as on-chain yield, dividend accrual, and near-instant peer-to-peer transfers, enabling broader access for investors, DAOs, and digital asset firms.
BNY Mellon serves as the custodian and administrator for BUIDL across all platforms, ensuring consistent oversight and management.
BUIDL has seen impressive growth, becoming the largest tokenized fund by assets under management within its first 40 days.