BlackRock Shifts Majority of BUIDL Fund from Ethereum to Multiple Blockchains
BlackRock and its tokenization collaborator Securitize have significantly diversified the blockchain distribution of their tokenized fund BUIDL, leading to a roughly 60% reduction in the fund’s market capitalization on the Ethereum network. This strategic reallocation moves a substantial portion of BUIDL’s assets onto Aptos, Polygon, and Avalanche, marking a notable shift in the fund’s exposure across blockchain ecosystems. According to data from RWAxyz, as of October 30, BUIDL’s holdings across Avalanche, Aptos, and Polygon surged to approximately $554.7 million, $544.1 million, and $530.9 million respectively. This is a substantial increase compared to the fund’s assets on these blockchains reported on












