BlackRock Readies BUIDL Deployment on @arc Mainnet

BlackRock is reportedly preparing to deploy BUIDL on the mainnet of the @arc platform.

BUIDL, a tokenized money market fund, has an impressive $2.6 billion in assets under management (AUM), backed by Treasuries, repo, and cash.

This move would mark a significant expansion for BUIDL, which already supports multiple chains, including Ethereum, Solana, Avalanche, Polygon, Aptos, Arbitrum, Optimism, and BNB Chain.

If successful, the integration with @arc would introduce a native USDC settlement environment, with BlackRock serving as a founding validator. This would enable seamless subscribe, redeem, and settle operations within a single on-chain environment.