BlackRock Expands Its USD Institutional Digital Liquidity Fund (BUIDL) to Aptos, Arbitrum, Avalanche, Optimism, and Polygon

By launching new share classes on these diverse blockchains, the fund will integrate more seamlessly with various blockchain-based financial products and infrastructures.

BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has now expanded its reach to major blockchain platforms like Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon by introducing new share classes.

This integration will enable BUIDL to interact more closely with blockchain-based financial products and infrastructure. It will facilitate on-chain yield generation, flexible custody solutions, 24/7 peer-to-peer transfers, and real-time dividend accrual and distribution directly on the blockchain.

Launched on 16 December, BUIDL has already become the largest tokenized fund globally in terms of assets under management (AUM). This expansion will not only enhance the fund's utility for existing investors but also provide decentralized autonomous organizations (DAOs), digital asset firms, and individual investors with the opportunity to leverage BlackRock's fund infrastructure within their respective blockchain environments.

The fund's management fees will vary depending on the blockchain. Integrations with Aptos, Avalanche, and Polygon will incur a fee of 20 basis points (bps), while a higher fee of 50 bps will be applicable for Arbitrum, Optimism, and Ethereum platforms. This tiered fee structure is designed to cater to the distinct characteristics of each blockchain network, optimizing the fund's interaction across different ecosystems.

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