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American multinational investment company BlackRock Inc has broadened the supported platforms for the BUIDL product. Per the latest update, the product has now expanded to different layer-1 and 2 networks to boost its overall diversity.
BlackRock BUIDL Diversity – Supported Protocols
As the Larry Fink-led company announced, the BUIDL fund is now fully supported on Aptos, Avalanche and Ethereum L2s including Optimism, Arbitrum and Polygon. This new integrations marks the next evolution of the fund’s growth. As BlackRock noted, this new protocols will make the product more accessible to institutional investors.
While the BlackRock USD Institutional Digital Liquidity Fund is now multi protocol, the Wall Street giant launched BUIDL on Ethereum first. This expansion showcases how ready the firm is to explore more possibilities for the fund.
This is a breaking news, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
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