BlackRock Launches BUIDL Fund on 5 Blockchains
BlackRock, the world’s largest asset manager, just took a big step in the crypto world
They’ve partnered with Securitize to launch their BUIDL fund, a special kind of digital fund, on five different blockchains.
These blockchains include Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This move makes it easier for people to invest in BlackRock’s tokenized treasury fund, BUIDL, through more blockchain networks. It opens new doors for investors.
What’s BUIDL?
BUIDL is BlackRock’s tokenized treasury fund , which means it’s a type of digital investment fund. When something is “tokenized,” it means that shares of the fund are represented by digital tokens, which people can buy and trade. These tokens make it easier and faster to invest in big funds like BlackRock’s, allowing people to take part without traditional paperwork. BlackRock has chosen five blockchains that are popular for their speed, low costs, and secure technology. By adding BUIDL to these blockchains, they’re giving more people access to the fund.
Each blockchain has its benefits. Some are super fast, some are low-cost, and others offer unique features for investors. By putting BUIDL on different blockchains, BlackRock makes it easier for investors to find what fits best for them.
BREAKING: BLACKROCK GOES MULTI-CHAIN
The world’s largest asset manager partnered with Securitize to launch BUIDL, their flagship tokenized treasury fund, on 5 new blockchains:
Aptos, Arbitrum, Avalanche, Optimism, Polygon pic.twitter.com/vT29LUSuEa
— RWA.xyz (@RWA_xyz) November 13, 2024
BlackRock is working with Securitize , a company known for handling digital assets and tokenization. Securitize helps to set up these digital tokens and make sure they work smoothly on each blockchain. This partnership is a big deal because it combines BlackRock’s investment expertise with Securitize’s knowledge of digital assets, making it easier for people to invest safely. As they say, two heads are better than one!
More About BUIDL
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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