Blackrock To Launch BUIDL Fund On Aptos In November

According to Odaily, Blackrock is set to launch its BUIDL fund on the Aptos blockchain on November 14 at midnight UTC+8. This initiative marks a significant step in the development of its tokenized market. Aptos stands out as the only non-EVM chain chosen for the BUIDL launch, highlighting its unique position in the blockchain ecosystem. Aptos has attracted notable financial entities such as Aave, Franklin Templeton, and Bitwise, with Blackrock now joining the list. These organizations have opted for Aptos to provide enhanced liquidity, a broader range of applications, and expanded DeFi opportunities for its users. This move is expected to offer credibility, reliability, and exclusive incentives to investors choosing to purchase BUIDL on Aptos. In a related development, Franklin Templeton launched the Franklin OnChain U.S. Government Money Fund on Aptos in October, further cementing the platform's growing appeal among major financial institutions. The collaboration between these entities and Aptos underscores the blockchain's potential to support diverse financial products and services.