According to a recent X post by Token Terminal, BlackRock’s assets under management on Polygon had surpassed $30 million as of March 2025.
The fund initially debuted on Ethereum in March 2024, and later, the asset manager expanded the BUIDL Fund to five new blockchains.
BlackRock, the world’s largest asset manager with over $11 trillion in AUM, made a bold leap in digital assets in December 2024 by expanding its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), across five additional blockchain networks: Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), Optimism’s OP Mainnet, and Polygon (MATIC).
Originally launched on Ethereum in March 2024, BUIDL is a tokenized money market fund backed by short-term U.S. government bonds, maintaining a stable value of $1 per token. By expanding beyond Ethereum, BlackRock has unlocked real-time, native interactions across multiple blockchain ecosystems.
The impact of this expansion became evident this month when da
