BlackRock Powerful 481.81M Avalanche Tops 422.72M ETH

BlackRock, which oversees $15.5 trillion, reallocated its flagship tokenized Treasury fund on-chain, and now the fund is worth more on Avalanche than it is on the chain it was issued on Ethereum as of April 2024. BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which was issued on Ethereum in March 2024, is now a lot ahead on Avalanche, which turns out to be its third-largest chain after Solana. The move displays how institutional tokenization is going multi-chain, with Solana taking the lead a switch that speaks to other things, considering BUIDL is at the heart of the real-world asset story.

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