BlackRock expands money market fund BUIDL to Solana

Blackrock extends its monetary market fund to the Solana network, bringing its accessibility to seven blockchain networks.

Securitized, a tokenization platform for real assets that has teamed up with Blackrock, Apollo and Hamilton Lane to provide tokenized assets on the channel ,, announcement The expansion in Solana (GROUND) Tuesday March 25, 2025.

This means that the BlackRock USD Institutional Digital Liquidity Fund, known as Buidl, is now available on Ethereum, Aptos, Arbitrum, Optimism, Avalanche, Polygon and Solana. The company expands the actions of its treasury treasure in Solana in the midst of growing interest in the larger tokenized asset market.

Buidl, launched in March 2024, has exceeded $ 1 billion In assets under management and offers American dollars to qualified investors.

The chain product benefits from a flexible guard, with current suppliers, including copper, anchorage digital and fiery items. In particular, Buidl offers daily dividend payments.

Prioritize speed and cost

Solana’s speed and profitability are key characteristics that investors using the BlackRock monetary market will probably find attractive.

“While the Rwas and Treasury Bonnes market that grows, widening Buidl to Solana – a blockchain known for its speed, scalability and profitability – is a next natural step,” said Carlos Domingo, co -founder and chief executive.

BUIDL currently has $ 1.7 billion in market capitalization, exceeding the short -term Hashnote return room at $ 764 million and the Franklin Templeton US Monetary Fund at $ 792 million. According to Rwa.xyzBlackrock’s Tokenized Fund recorded $ 235 million in the last 30 days.

The expansion of Buidl by BlackRock in Solana intervened while the asset manager also takes his place of funds negotiated in Bitcoin in Europe. The fund, launched in January 2024, is the largest in the world by net assets to more than $ 50 billion, with net entries of almost $ 40 billion.