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Blackrock Just Unleashed a Multichain Monster That Will RUIN Your Crypto Life Forever

A  illustration of a massive robot emerging from a blockchain network, with various cryptocurrency logos and screens displaying data in chaos around it. The robot's body is made up of dollar bills and financial documents being torn apart by strong winds.

BlackRock’s BUIDL is like the participation trophy of investment funds – it shows up, but doesn’t really do anything meaningful.

Source: cointelegraph

Asset manager BlackRock will be launching its tokenized money fund on nearly half a dozen additional blockchain networks, according to a Nov. 13 announcement. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will expand to Aptos, Arbitrum, Avalanche, Optimism and Polygon, BlackRock said. It was initially launched on the Ethereum network. Tokenized by Securitize, BUIDL is a money market fund and invests primarily in short-dated United States Treasury bills (T-Bills) […]

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