BlackRock announces that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which is tokenized by Securitize and was initially launched on the Ethereum network in March 2024, will now be expanding access across blockchain ecosystems through the launch of new share classes on Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon.

This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. Each new blockchain enables the ecosystem of applications and users to natively interact with BUIDL, which can achieve on-chain yield with flexible custody, near real-time 24/7/365 peer-to-peer transfers, and on-chain dividend accrual and distribution.

BUIDL became the largest tokenized fund in AUM in the world in less than 40 days and is enabling utility for BUIDL investors through access to new ecosystems. This expansion offers optionality and increased access for investors, decentralized autonomous organizations (DAOs) and other digital asset-native firms by allowing developers to build on the BlackRock fund in their preferred ecosystem.

“We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization,” said Securitize CEO and co-founder Carlos Domingo. “Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do.”

BNY, continuing to bridge traditional and digital financial ecosystems, enabled the fund to go live on these additional blockchains as the fund administrator and custodian for BUIDL.

Aptos Network: 

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards.

Management Fee: 20 bps

Token Address: 0x4de5876d8a8e2be7af6af9f3ca94d9e4fafb24b5f4a5848078d8eb08f08e808a

Arbitrum: 

Arbitrum, launched in August 2021, is a leading Ethereum Layer 2 scaling solution offering ultra-fast, low-cost transactions through Optimistic Rollup technology. With 54%+ TVL and 2000+ DeFi and NFT projects, it remains a key player. In August 2022, it upgraded to the Nitro tech stack for enhanced performance. The Arbitrum Foundation, founded in March 2023, supports this growth with secure scaling solutions.

Management Fee: 50 bps

Token Address: 0xA6525Ae43eDCd03dC08E775774dCAbd3bb925872

Avalanche: 

Avalanche is a high-performance L1 blockchain network built for scaling. The network’s mix of EVM compatibility, interoperability, speed, low fees, and customizability has attracted an ecosystem of high-quality tokenized assets, as well as broader institutional adoption.

Management Fee: 20 bps

Token Address: 0x53FC82f14F009009b440a706e31c9021E1196A2F

Ethereum: 

Ethereum is the largest smart contract blockchain by market capitalization. BUIDL was originally launched on Ethereum.

Management Fee: 50 bps

Token Address: 0x7712c34205737192402172409a8F7ccef8aA2AEc

Optimism: 

Optimism is building the Superchain, a unified network of blockchains built on a standard codebase that share security, governance, and values. The Superchain is home to L2s from Coinbase, Uniswap, Sony, Kraken, World, and more. Together, OP Chains in the Superchain Ecosystem are working to grow Ethereum to an internet-level scale.

Management Fee: 50 bps

Token Address: 0xa1CDAb15bBA75a80dF4089CaFbA013e376957cF5

Polygon PoS: 

Polygon PoS is a stable, widely adopted EVM compatible blockchain protocol for scaling Ethereum that is user and developer friendly. With deep-liquidity and bleeding-edge features like account abstraction and parallelized execution, Polygon PoS boasts millions of daily active users and numerous popular dApps. When it connects to the AggLayer, pending community consensus, it will be the gateway for network effects and a robust, aggregated future. Past, present, and future proof.

Management Fee: 20 bps

Token Address: 0x2893Ef551B6dD69F661Ac00F11D93E5Dc5Dc0e99

Aptos Foundation, Avalanche (BVI), Inc. and Polygon Labs BD Investments (Cayman) Ltd. each have agreed to pay BlackRock a quarterly fee generally based on the average value of the relevant class of shares for such quarter.

Source: Securitize