{"id":18593,"date":"2024-11-14T15:45:00","date_gmt":"2024-11-14T13:45:00","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrock-expands-buidl-integration-to-multiple-blockchains\/"},"modified":"2024-11-14T15:45:00","modified_gmt":"2024-11-14T13:45:00","slug":"blackrock-expands-buidl-integration-to-multiple-blockchains","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrock-expands-buidl-integration-to-multiple-blockchains\/","title":{"rendered":"BlackRock Expands BUIDL Integration to Multiple Blockchains"},"content":{"rendered":"<p>BlackRock has integrated its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with Aptos, Arbitrum, Avalanche, Optimism, and Polygon, as reported by <a href=\"https:\/\/www.theblock.co\/post\/326288\/blackrock-buidl-aptos-arbitrum-avalanche-optimism-polygon\" title=\"\">The Block<\/a>.<\/p>\n<p>Initially launched with Securitize, the structure was originally available on Ethereum.<\/p>\n<p>The initiative aims to enhance the potential of the BUIDL ecosystem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEach blockchain opens its applications for interaction, expanding access for investors, DAOs, and other companies working with digital assets,\u201d the partner&#8217;s statement reads.<\/p>\n<\/blockquote>\n<p>BNY will continue to serve as the fund&#8217;s administrator and custodian for BUIDL.<\/p>\n<p>BlackRock follows in the footsteps of competitor Franklin Templeton, which previously <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-to-launch-avalanche-based-trust\">expanded<\/a> support for its OnChain U.S. Government Money Fund (FOBXX) with the BENJI token, adding it to Aptos, Avalanche, and Arbitrum, alongside platforms Stellar and Polygon.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1298.webp\" alt=\"1-1298\" class=\"wp-image-245242\"\/><figcaption class=\"wp-element-caption\">Dynamics of the tokenized money market funds. Data from <a href=\"https:\/\/dune.com\/21co\/tokenization-government-securities\">Dune<\/a>.<\/figcaption><\/figure>\n<p>In 2021, FOBXX became the first U.S.-registered fund to use a public blockchain for transaction processing and share ownership accounting.<\/p>\n<p>According to <a href=\"https:\/\/app.rwa.xyz\/treasuries\">rwa.xyz<\/a>, the <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of the structure is $409.93 million. It ranks third after BUIDL with <a href=\"https:\/\/forklog.com\/en\/news\/blackrocks-rwa-fund-assets-surpass-500-million\">$544.47 million<\/a> and Ondo U.S. Dollar Yield ($452.09 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-940.webp\" alt=\"2-940\" class=\"wp-image-245243\"\/><figcaption class=\"wp-element-caption\">Structure of the tokenized money market funds. Data: rwa.xyz.<\/figcaption><\/figure>\n<p>In September, USDe issuer Ethena Labs announced the release of the UStb stablecoin in collaboration with the Securitize platform, fully backed by BUIDL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock has integrated its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with Aptos, Arbitrum, Avalanche, Optimism, and Polygon, as reported by The Block. Initially launched with Securitize, the structure was originally available on Ethereum. The initiative aims to enhance the potential of the BUIDL ecosystem. \u201cEach blockchain opens its applications [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1393,1335,1413,865,1093,1362,1264,1308],"class_list":["post-18593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aptos-apt","tag-arbitrum-arb","tag-avalanche-avax","tag-blackrock","tag-defi","tag-optimism-op","tag-polygon-matic","tag-rwa"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18593"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18592"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}