The reach of BlackRock’s BUIDL currency marketplace fund is being expanded to the Solana community, increasing its availability to seven blockchain communities. The Rise of Ethereum Applications: The Emergence of Stablecoins Issued by Banks
To introduce tokenized assets on-chain, Securitize, a platform for tokenizing real-global property, is working with BlackRock, Apollo, and Hamilton Lane. The enlargement to Solana (SOL) became introduced on Tuesday, March 25, 2025.
The BUIDL BlackRock USD Institutional Digital Liquidity Fund will now be to be had on Ethereum, Aptos, Arbitrum, Optimism, Avalanche, Polygon, and Solana. Due to growing interest within the broader tokenized asset marketplace, the business enterprise is increasing its tokenized treasury fund percentage to Solana.
BUIDL, released in March 2024, has over $1 billion in assets below management and offers USD yields to eligible investors.
The on-chain product advantages from bendy custody, with current vendors together with Copper, Anchorage Digital, and Fireblocks. Dividends are paid every day by BUIDL.
Solana’s velocity and value-effectiveness are key features that may appeal to investors the usage of BlackRock’s money market fund.
Carlos Domingo, co-founder and CEO of Securitize, said that increasing BUIDL to Solana, a blockchain recognized for its velocity, scalability, and value-effectiveness, is a herbal subsequent step as the RWA and tokenized treasury markets gain momentum.
BUIDL currently holds a marketplace capitalization of $1.7 billion, surpassing Hashnote’s $764 million Short Duration Yield Token and Franklin Templeton’s $792 million OnChain U.S. Government Money Fund. According to RWA.xyz, BlackRock’s tokenized fund has visible sizeable growth of $235 million within the last 30 days.
BlackRock is likewise bringing its spot Bitcoin exchange-traded fund to Europe, similarly to increasing BUIDL to Solana.
Unveiled in January of 2024, this financial resource has rapidly evolved into a prominent global entity, showcasing a total asset valuation surpassing $50 billion and total incoming capital close to $40 billion. It represents a dominant force within the international investing environment! Solana (SOL) Cost Forecast and Examination
