On November 13, BlackRock announced the launch of its tokenized BUIDL Fund on Aptos, Avax, Arbitrum, OxPolygon, and Optimism blockchains, expanding access to various ecosystems.
BUIDL Expansion to New Blockchains
According to BlackRock, BUIDL's expansion to new blockchains marks an important step in the evolution of real asset tokenization. Assets tokenized through BUIDL can now be utilized within top ecosystem frameworks.
Opportunities for Investors and Developers
BUIDL became the world's leading tokenized fund in less than 40 days due to its multi-chain integration, which enables investors to leverage their assets across ecosystems and creates opportunities for developers.
New Prospects for Ondo Finance Products
Ondo Finance supported BlackRock's expansion, indicating that BUIDL would assist their OUSG product. However, Ondo cautioned that their products are unavailable to U.S. investors due to regulatory constraints.
BlackRock's expansion to new blockchains opens up new opportunities for tokenization and real asset interaction, while Ondo Finance sees chances for spreading their solutions.
