BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-broadens-buidl-funds-blockchain-reach" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Broadens BUIDL Fund’s Blockchain Reach</a><br></p>
<p style="text-align: justify">In a significant move, BlackRock has expanded its USD Corporate Digital Liquidity Fund, known as BUIDL, to include a variety of blockchain ecosystems such as Aptos, Arbitrum, <a href="https://en.bitcoinhaber.net/avalanche-cryptocurrency-sees-notable-price-increase" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a>, Optimism, and <a href="https://en.bitcoinhaber.net/analyst-highlights-key-levels-for-potential-bull-market-in-matic-analysis" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon</a>. This initiative seeks to improve multi-chain tokenization strategies, allowing for more diverse investment opportunities.</p>
<h2 style="text-align: justify" id="how-does-the-multi-chain-strategy-work">How Does the Multi-Chain Strategy Work?</h2>
<p style="text-align: justify">The multi-chain strategy of BUIDL enhances accessibility for corporations, decentralized autonomous organizations (DAOs), and stakeholders. The fund facilitates cross-chain yields, dividend collection, and quick peer-to-peer transactions.</p>
<h2 style="text-align: justify" id="what-are-buidl-s-achievements-so-far">What Are BUIDL’s Achievements So Far?</h2>
<p style="text-align: justify">Initially launched on Ethereum, BUIDL quickly emerged as a frontrunner in tokenized investment funds, amassing a market value of 558 million USD in just 40 days. This rapid growth illustrates the fund’s strong market position.</p>
<p style="text-align: justify">– The fund’s multi-chain structure enhances investment opportunities.<br> – BNY Mellon’s role as custodian ensures comprehensive oversight.<br> – The expansion aligns with broader trends in the tokenized asset space.</p>
<p style="text-align: justify">Carlos Domingo, CEO of Securitize, emphasized that the fund’s growth aligns with the evolving vision of the tokenized asset ecosystem, highlighting similar efforts by other financial institutions. The multi-chain framework provides digital asset firms with the tools to utilize blockchain technology more effectively, indicating potential future advancements in tokenization.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/blackrock-broadens-buidl-funds-blockchain-reach" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Broadens BUIDL Fund’s Blockchain Reach</a></h5>

BlackRock Broadens BUIDL Fund’s Blockchain Reach

Table of Contents

BH NEWS

Other articles published on Nov 14, 2024

Bitcoin ETFs see record trading volume amid BTC all-time high

Spot BTC ETFs Takes $4.7b Inflows In 6 Days As Bull Run is On

Investors See Gains as BTC Price Rises in November

Looking to Make the Most of Bull Run? This New Meme Coin with 1000x Potential Can Make You a Mill...

Bitcoin miner outflows surge as price hits new highs

Shiba Inu Price Prediction: SHIB Surges 8%, But Experts Say Consider This Vote-To-Earn Crypto Wit...

Join our free newsletter for daily crypto updates!