BlackRock Partners with Polygon to Enhance Blockchain Development.

A recent post on X by Token Terminal revealed that as of March 2025, BlackRock’s assets under management on the Polygon blockchain exceeded $2.402 billion. The fund was first introduced on Ethereum in March 2024, and subsequently, BlackRock extended the BUIDL Fund to include five more blockchains. In December 2024, BlackRock, which is the largest asset manager globally with assets over $11 trillion, took a significant step into digital assets by diversifying its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), onto five additional blockchains: Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), Optimism’s OP Mainnet, and Polygon (MATIC). BUIDL was originally launched as a tokenized money market fund in March 2024, supported by short-term U.S. government bonds and designed to maintain a consistent value of $1 per token. BlackRock’s move to encompass more than just Ethereum has enabled immediate, authentic engagement across various blockchain networks. This expansion’s effect was highlighted recently when Token Terminal reported that BlackRock’s assets under management (AUM) on Polygon exceeded $2.333 million. This action enhances the institutional acceptance of tokenized assets while offering investors benefits such as on-chain yield options, adaptable custody solutions, quick peer-to-peer transactions, and efficient on-chain dividend accumulation and distribution. It highlights Polygon’s involvement in BlackRock’s blockchain growth. Polygon is fundamental to BlackRock’s BUIDL initiative, offering the necessary scalability to facilitate institutional investments. This is accomplished through the use of sidechains, or Plasma chains, which handle transactions separately from the main Ethereum blockchain. This method not only enhances the number of transactions processed but also alleviates congestion and greatly decreases transaction costs in comparison to Ethereum’s mainnet. Moreover, Polygon’s flexible structure accommodates multiple scaling options like ZK rollups and optimistic rollups, making it suitable for a variety of application requirements. BlackRock’s BUIDL on Polygon provides important functionalities, including on-chain yield generation, continuous peer-to-peer transactions, automated distribution of dividends, and improved accessibility for DAOs and firms dealing in digital assets. Additionally, Polygon PoS guarantees smooth compatibility with EVM and account abstraction, making it an attractive option for finance-related institutions and developers creating blockchain financial solutions. Furthermore, Brickken, a platform focused on tokenizing real-world assets (RWAs), has revealed that it is now operational on Polygon Proof-of-Stake (PoS) to improve its multi-chain tokenization functionalities.