Miami, March 26, 2025 – BlackRock, the leading asset management firm globally, has revealed the extension of its USD Institutional Digital Liquidity Fund, referred to as BUIDL, to the Solana blockchain. This strategic initiative represents a noteworthy advancement in the incorporation of blockchain technology into conventional finance, improving access to digital asset investments for eligible investors.
Key Highlights:
- Fund Growth: The BUIDL fund has exceeded $1 billion in assets under management and presently maintains around $1.7 billion in cash and U.S. Treasuries, with projections indicating it will surpass $2 billion by early April.
- Blockchain Expansion: The integration of Solana has enabled BUIDL to function on seven different blockchains, which now include Ethereum, Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This growth is made possible by cross-chain interoperability via Wormhole, which facilitates smooth token transfers between various networks.
- Investor Advantages: BUIDL provides eligible investors with the opportunity to earn U.S. dollar yields on-chain, incorporating adaptable custody solutions, daily dividend distributions, and round-the-clock peer-to-peer transactions. The Solana blockchain is esteemed for its rapid processing, scalability, and affordability, positioning it as an optimal platform for this growth.
- Industry Impact: This initiative highlights the increasing interest in tokenized real-world assets (RWAs) and establishes BlackRock as a leader in the changing financial environment. The incorporation of BUIDL into Solana is anticipated to enhance the uptake of blockchain-driven financial products among institutional investors.
Carlos Domingo, the Co-founder and CEO of Securitize, which serves as the tokenization partner for BUIDL, remarked that “over the past year since BUIDL’s inception, we have witnessed a substantial increase in the demand for tokenized real-world assets, highlighting the importance of integrating institutional-grade products onto the blockchain.”
Lily Liu, the President of the Solana Foundation, stated that BlackRock’s initiative to enhance BUIDL on Solana provides users with a network that harmonizes innovation with the operational efficiency required by the industry.
For additional details regarding BlackRock and the BUIDL fund, kindly refer to BlackRock’s official website.