BlackRock’s BUIDL fund now holds more assets on Avalanche than Ethereum, highlighting the growing role of multi-chain infrastructure in institutional tokenization and the expansion of blockchain-based Treasury products.
- BlackRock's tokenized Treasury fund (BUIDL) now holds more assets on Avalanche ($481.81M) than on Ethereum ($422.72M), with Solana holding the largest portion overall.
- This multi-chain shift highlights institutional adoption of blockchain-based Treasury products, driven by the need for optimal settlement speed, finality, and fees.
- The move signifies a trend towards production systems utilizing multiple public chains for operational efficiency and broader distribution, impacting investors, developers, and regulators.
Topics: Asset types, Blockchain usage, Institutional adoption, Financial instruments, Ethereum evm l 1 s, Layer 2 scaling, Asset manager initiatives
Tags: #blackrock #avalanche #ethereum #solana #tokenizedtreasuries #buidlfund #multichain #institutionaltokenization #secures #bnymellon
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