$11.6 trillion asset manager BlackRock announced that it is expanding its tokenized money market fund, the BlackRock USD Institutional Digital Fund (BUIDL), to the Solana blockchain.
The move is in partnership with Securitize, a leading tokenization platform.
BlackRock BUIDL-Solana Integration
BUIDL launched in March 2024 as BlackRock’s first tokenized fund issued on public blockchains. It combines traditional money market instruments—cash and U.S. Treasury bills—with blockchain technology to enable qualified investors to access U.S. dollar yields on-chain.
It also offers a modern alternative to traditional money market funds, with features like daily dividend payouts, flexible custody options, and 24/7 peer-to-peer transfers.
Since its inception, BUIDL has achieved notable success, accumulating $1.7 billion in assets under management (AUM) across several blockchains, including Ethereum, Arbitrum, Avalanche, Optimism, Aptos, and Polygon. Adding Solana as its seventh blockchain further extends its reach and influence.
Its low-cost, high-speed infrastructure positions Solana as an ideal solution. This enables it to handle thousands of transactions per second at minimal fees, ensuring that institutional-grade financial products can operate efficiently on-chain.
Moreover, the blockchain’s expanding ecosystem for tokenized U.S. Treasuries is now valued at $69.2 million.
BlackRock’s inclusion of Solana will improve accessibility and liquidity for its investors.
Securitize played a crucial role in BUIDL’s growth and development and guarantees both regulatory compliance and smooth cross-chain transfers.
BUIDL’s Competitive Advantage
BUIDL distinguishes itself from traditional competitors through four key characteristics: 24/7 access, daily dividend payments, enhanced liquidity, and regulatory compliance. For crypto traders looking for yield-generating substitutes to stablecoins like USDT and USDC, these features make it highly appealing.
BlackRock’s decision to expand its blockchain-based money market fund to Solana in partnership with Securitize not only enhances accessibility and liquidity for institutional investors but also establishes a new benchmark for tokenized financial products.
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