TL;DR
- BlackRock launches its BUIDL fund on the Solana blockchain, in collaboration with Securitize, adding another tool for investors.
- BUIDL, with over $1.7 billion in assets, offers dollar yields and allows flexible and continuous transactions.
- BUIDL is already available on blockchains such as Ethereum, Aptos, Polygon, Arbitrum, Avalanche, and Optimism.
BlackRock, the world’s largest asset manager, continues to expand its presence in the crypto market, partnering with startup Securitize to bring its tokenized money market fund to the Solana blockchain.
A year has passed since the launch of the BlackRock USD Institutional Digital Fund, also known as BUIDL. The fund allows investors to access a digital version of traditional money market funds, combining their stability with the advantages of blockchain technology.
BUIDL was already available on Ethereum, and now it is added to Solana, a competitor known for its speed and cost efficiency. The expansion to Solana responds to the growing demand for more flexible and accessible investment solutions in the digital finance market. BUIDL offers investors the opportunity to earn dollar yields with daily dividend payouts, flexible custody, and the option to make transactions 24/7, which is a crucial advantage over traditional funds, which only operate during business hours.
BlackRock: At the Forefront of Financial Product Creation
BUIDL has grown exponentially, reaching over $1.7 billion in assets under management by early 2025. This amount is expected to surpass $2 billion in the short term. The fund has attracted both institutional investors and entities such as decentralized autonomous organizations (DAOs), looking for innovative ways to manage their assets.
The tokenization of traditional financial assets, such as bonds and stocks, is gaining ground. By recording these assets on a blockchain, their exchange and management are facilitated, bringing greater efficiency to the market. BlackRock sees tokenization as a promising future to transform financial markets, following the success of exchange-traded funds (ETFs), whose popularity continues to grow.
BUIDL: Maximum Interoperability
BUIDL is already present on other blockchains, such as Aptos, Arbitrum, Avalanche, Optimism, and Polygon, and it benefits from the interoperability of Wormhole. This enables the secure and efficient transfer of tokens between networks. This type of tokenized product has the potential to revolutionize access to financial markets, allowing investors to operate with greater agility and security.
BlackRock continues to strengthen and solidify its position in the crypto industry. The firm is leading the way in the adoption of blockchain solutions within the financial sector, contributing to the evolution of markets through asset tokenization and the creation of innovative financial products
