- BlackRock expands its blockchain-based BUIDL ($1.00) fund to Solana for lower costs and faster transactions.
- Solana outperforms Ethereum in key metrics, with analysts predicting its dominance into 2025.
BlackRock, the world’s largest asset manager, is strengthening its foothold in the crypto sector by expanding its blockchain-based money market fund to Solana [SOL ($124.27)].
BlackRock’s BUIDL expansion
In collaboration with its technology partner Securitize, BlackRock has introduced a new share class of the BlackRock USD Institutional Digital Fund (BUIDL) on SOL’s network.
This move comes a year after the fund’s initial launch and highlights BlackRock’s continued push into tokenized finance.
By integrating BUIDL into Solana’s ecosystem, investors can now leverage the network’s low transaction costs and instant settlement capabilities.
Execs weigh in
Remarking on the same, Carlos Domingo, Co-founder and CEO of Securitize, said,
“As the market for RWAs and tokenized treasuries gains momentum, expanding BUIDL to Solana—a blockchain k...
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