- In line with a current X publish by Token Terminal, BlackRock’s belongings beneath administration on Polygon had surpassed $30 million as of March 2025.
- The fund initially debuted on Ethereum in March 2024, and later, the asset supervisor expanded the BUIDL Fund to 5 new blockchains.
BlackRock, the world’s largest asset supervisor with over $11 trillion in AUM, made a daring leap in digital belongings in December 2024 by increasing its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), throughout 5 extra blockchain networks: Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), Optimism’s OP Mainnet, and Polygon (MATIC).
Initially launched on Ethereum in March 2024, BUIDL is a tokenized cash market fund backed by short-term U.S. authorities bonds, sustaining a secure worth of $1 per token. By increasing past Ethereum, BlackRock has unlocked real-time, native interactions throughout a number of blockchain ecosystems.
The influence of this enlargement turned evident this month when information from Token Terminal revealed that BlackRock’s AUM on Polygon had soared previous $30 million. This transfer not solely strengthens the institutional adoption of tokenized belongings but in addition empowers buyers with on-chain yield alternatives, versatile custody options, near-instant peer-to-peer transfers, and seamless on-chain dividend accrual and distribution.
Polygon’s Position in BlackRock’s Blockchain Enlargement
Polygon performs a vital function because the infrastructure layer for BlackRock’s BUIDL program, offering the scalability required to assist institutional investments. It achieves this by using sidechains, often known as Plasma chains, to course of transactions off the primary Ethereum chain. This strategy not solely will increase transaction throughput but in addition reduces congestion and considerably lowers transaction charges in comparison with Ethereum’s mainnet. Moreover, Polygon’s modular framework helps varied scaling options, akin to ZK rollups and optimistic rollups, enabling it to cater to completely different software wants.
BlackRock’s BUIDL on Polygon presents a number of key options, together with on-chain yield technology, 24/7 peer-to-peer transfers, automated dividend accrual and distribution, and enhanced accessibility for DAOs and digital asset corporations. Furthermore, Polygon PoS ensures seamless EVM compatibility and account abstraction, making it an interesting selection for monetary establishments and builders constructing blockchain-based monetary options.
Past this, Brickken, a platform specializing within the tokenization of real-world belongings (RWAs), has introduced that it’s now reside on Polygon Proof-of-Stake (PoS) to boost multi-chain tokenization capabilities. The enlargement is predicted to open up new investor alternatives inside the Polygon ecosystem, convey a whole lot of thousands and thousands of tokenized belongings to Polygon PoS, enhance effectivity via the combination of established blockchain networks, and increase multi-chain performance for companies to handle tokenized belongings with higher flexibility.
Regardless of its sturdy technological basis, MATIC has confronted vital worth declines since reaching an all-time excessive of $2.92 in 2021. Presently, MATIC is down 78.8% over the previous yr and has dropped 13.9% within the final 14 days, buying and selling at $0.2101, that is 92% under its peak. Within the final 24 hours, its buying and selling quantity has fallen by 31.66% to $2.33 million, whereas its market capitalization stands at $402 million.
