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BlackRock, one of the world’s largest asset managers, is expanding its money market fund to the Solana blockchain network, increasing its reach to a total of seven blockchain networks.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) Expands to Solana

Securitize, a leading platform for real-world asset tokenization, announced on March 25, 2025, that BlackRock’s USD Institutional Digital Liquidity Fund, commonly referred to as BUIDL, is now accessible on the Solana network. This marks a significant expansion for the fund, which is already available on Ethereum, Aptos, Arbitrum, Optimism, Avalanche, and Polygon.

The decision to integrate BUIDL with Solana comes amidst growing interest in tokenized assets, a market that is rapidly gaining traction among investors. Since its launch in March 2024, BUIDL has surpassed $1 billion in assets under management, offering U.S. dollar yield opportunities to qualified investors.

Key Features of BlackRock’s Tokenized Treasury Fund

BUIDL stands out as a tokenized on-chain product with several noteworthy features:

  • Flexible custody solutions: Current custody providers include Copper, Anchorage Digital, and Fireblocks.
  • Daily dividend payouts: Investors benefit from consistent returns.
  • Speed and cost-efficiency: Solana’s blockchain technology enhances the fund’s scalability and reduces transaction costs.

Why Solana? Speed and Cost Efficiency

Solana’s ability to deliver high transaction speeds alongside low costs makes it an attractive blockchain for investors utilizing BlackRock’s money market fund. Carlos Domingo, co-founder and CEO of Securitize, emphasized this point:

“As the market for RWAs and tokenized treasuries gains momentum, expanding BUIDL to Solana—a blockchain known for its speed, scalability, and cost efficiency—is a natural next step.”

Solana’s innovative infrastructure aligns perfectly with the needs of institutional investors who prioritize efficiency and scalability in their blockchain-based investments.

Market Performance of BUIDL

BUIDL currently holds a market cap of $1.7 billion, outperforming competitors such as the Hashnote Short Duration Yield Coin ($764 million) and Franklin Templeton’s On-Chain U.S. Government Money Fund ($792 million). Over the past 30 days, BlackRock’s tokenized fund has recorded a substantial inflow of $235 million, according to market data.

BlackRock’s Broader Strategy in Tokenization and Blockchain

The expansion of BUIDL to Solana is part of BlackRock’s larger strategy to leverage blockchain technology for asset management. In addition to tokenized treasury funds, BlackRock has made strides in cryptocurrency investments by launching a spot Bitcoin exchange-traded fund (ETF) in Europe. The fund, introduced in January 2024, has become the world’s largest by net assets, exceeding $50 billion, with net inflows of nearly $40 billion.

BlackRock’s commitment to integrating blockchain solutions demonstrates a growing confidence in the potential of tokenized assets and cryptocurrencies as viable investment opportunities for institutional and retail investors alike.

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