BlackRock Expands $1.7B Tokenized Money Market Fund to Solana Blockchain

The BUIDL fund integrates traditional finance with blockchain, now spanning seven blockchains and nearing $2 billion in assets.

BlackRock's BUIDL fund, launched in 2023, has expanded to the Solana blockchain, offering faster and cost-efficient transactions.
BUIDL now operates across seven blockchains, including Ethereum, Polygon, Aptos, Arbitrum, and Optimism, alongside Solana.
The fund combines short-term, yield-generating cash placements with blockchain infrastructure for 24/7 accessibility and real-time transactions.
Currently holding $1.7 billion in assets, BUIDL is projected to surpass $2 billion by early April 2025, reflecting strong demand for tokenized financial products.
This expansion aligns with BlackRock CEO Larry Fink's vision of tokenization as the next phase of financial innovation, following the firm's success with its $40 billion spot Bitcoin ETF.