Catenaa, Saturday, March 29, 2025-BlackRock has extended its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to the Solana blockchain, Securitize announced Wednesday.
BUIDL, which launched in March 2024, offers on-chain access to U.S. dollar yields, holding U.S. Treasury bonds and cash. Initially on Ethereum, it has since expanded to networks like Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Solana’s low fees and high-speed transactions make it a strategic addition.
The integration, facilitated by Wormhole, enhances cross-chain interoperability. BlackRock’s expansion reflects growing institutional demand for tokenized real-world assets, with BUIDL surpassing $1.7 billion in assets under management.
BlackRock is also ramping up its crypto offerings, recently launching a Bitcoin exchange-traded product (ETP) in Europe, listing on Xetra, Euronext Amsterdam, and Euronext Paris. The firm’s iShares Bitcoin Trust ETF already manages over $50.7 billion in the U.S. market.
Real-world asset tokenization is gaining momentum, with total on-chain RWAs surpassing $19.53 billion. BlackRock’s latest move underscores its ambition to dominate the space as blockchain-based financial instruments gain traction.
