BlackRock expands its tokenized money market fund to Polygon and other blockchains

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BlackRock launched the USD Institutional Digital Liquidity Fund on Ethereum earlier this year.

The investment manager said Wednesday that its USD Institutional Digital Liquidity Fund is now available to investors on the Aptos, Arbitrum, Avalanche, OP Mainnet and Polygon blockchains. It initially launched the fund on Ethereum in March.

DeFi is one of the most popular sectors among crypto market participants but has suffered from the lack of regulatory clarity – with tokens of some DeFi projects being classified as securities in SEC lawsuits against Binance and Coinbase last year.Tom Lee says bitcoin could hit six figures before year-end

Trump, surrounded by pro-crypto advisors, signals a 'step change' for the industry, says Galaxy's Novogratz

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