The tokenized money market fund will launch on nearly half a dozen new blockchain networks.
Asset manager BlackRock will be launching its tokenized money fund on nearly half a dozen additional blockchain networks, according to a Nov. 13 announcement.
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will expand to Aptos, Arbitrum, Avalanche, Optimism and Polygon, BlackRock said. It was initially launched on the Ethereum network.
Tokenized by Securitize, BUIDL is a money market fund and invests primarily in short-dated United States Treasury bills (T-Bills) and similar low-risk, interest-bearing securities.
