Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
BlackRock's first tokenized product, launched on Ethereum in March, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet and Polygon networks.
"We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization," Securitize CEO and co-founder Carlos Domingo said in a statement."With these new chains we'll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do."BlackRock introduced its first tokenized product in March.
BUIDL's management fee on Ethereum, Aptos and Arbitrum is 50 basis points. It is cheaper — only 20 basis points — on Aptos, Avalanche and Polygon. Ecosystem development organizations Aptos Foundation, Avalanche , Inc. and Polygon Labs BD Investments Ltd. each agreed to pay BlackRock a quarterly fee.. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications.
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