Aptos Gains Ground in Tokenized Asset Deployment as BlackRock’s BUIDL Fund Deploys $500M, Ranking Second Behind Ethereum

In a notable step for institutional tokenization, BlackRock‘s Digital Horizon Fund (BUIDL) expanded its deployment of tokenized assets by $500 million on the Aptos network, elevating the fund’s share of chain-level allocations to a close second behind Ethereum. Current data show that Aptos-based on-chain RWA tokenized assets now exceed $1.2 billion, ranking it among the top three globally.

Launched by BlackRock in partnership with Securitize, the BUIDL Fund targets cash, US Treasuries, and repurchase agreements, emphasizing liquidity and low risk. Initial deployments occurred on Ethereum in March 2024, with expansion to Aptos and additional chains by November 2024, reflecting a broader push toward regulated, tokenized markets.

The move highlights a broader shift as traditional finance leans into blockchain infrastructure. With Aptos delivering high throughput, robust security, and lower-cost settlement, the platform is increasingly viewed as a credible gateway for institutional asset tokenization.