BlackRock is increasing its cash market fund to the Solana community, bringing its accessibility to seven blockchain networks.
Securitize, a real-world asset tokenization platform that has partnered with BlackRock, Apollo, and Hamilton Lane to convey tokenized property on-chain,, introduced the growth to Solana (SOL) on Tuesday, March 25, 2025.
This implies the BlackRock USD Institutional Digital Liquidity Fund, referred to as BUIDL, is now obtainable on Ethereum, Aptos, Arbitrum, Optimism, Avalanche, Polygon, and Solana. The corporate is increasing its tokenized treasury fund’s shares to Solana amid rising curiosity within the broader tokenized property market.
BUIDL, launched in March 2024, has surpassed $1 billion in property below administration, and presents U.S. greenback yield to certified buyers.
The on-chain product advantages from versatile custody, with present suppliers together with Copper, Anchorage Digital, and Fireblocks. Notably, BUIDL presents day by day dividend payouts.
Prioritizing pace and price
Solana’s pace and cost-effectiveness are key options that buyers utilizing BlackRock’s cash market fund will seemingly discover engaging.
“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,” stated Carlos Domingo, co-founder and chief govt officer of Securitize.
BUIDL at present holds $1.7 billion in market cap, outpacing the Hashnote Quick Period Yield Coin at $764 million and Franklin Templeton’s On-Chain U.S. Authorities Cash Fund at $792 million. In line with RWA.xyz, BlackRock’s tokenized fund has recorded a notable $235 million within the final 30 days.
BlackRock’s growth of BUIDL to Solana comes because the asset supervisor additionally takes its spot Bitcoin exchange-traded fund to Europe. The fund, launched in January 2024, is the world’s largest by internet property at over $50 billion, with internet inflows of almost $40 billion.
