BUIDL, which launched in March and stands for BlackRock USD Institutional Digital Liquidity Fund, is a tokenized money-market fund designed to offer a stable value of $1 per token while providing yield on US Treasuries.

According to Securitize, the expansion will help developers, decentralized autonomous organizations (DAOs), and other crypto firms to build with BlackRock’s product on their blockchain of choice.

Last month, it was reported that BlackRock was in talks with numerous crypto exchange platforms – such as Binance, OKX, and Deribit – about using BUIDL as collateral for derivatives contracts.