BlackRock Expands Tokenized Treasury Fund BUIDL to Solana

After the success of BUIDL on chains like Ethereum, the tokenized product of BlackRock, the product has now launched on the Solana protocol.

BlackRock has taken another step in tokenizing real-world assets by expanding its USD Institutional Digital Liquidity Fund (BUIDL) to the Solana blockchain. 

As reported, this move intends to increase accessibility and efficiency for institutional investors seeking on-chain exposure to the U.S. Treasury yields.

BlackRock’s BUIDL Fund Launches on Solana

In an official statement, Securitize, the firm responsible for tokenizing BUIDL, announced the expansion, marking a well-deserved milestone for the fund. 

Since its launch in 2024, BUIDL has grown into the world’s largest tokenized Treasury fund, with over $1.7 billion in assets under management. The broader market for tokenized treasuries has grown rapidly, now exceeding $5 billion.

BUIDL allows qualified investors to access U.S. Treasury bills and cash equivalents. Each token represents one fund share, and investors receive dividend payments directly into their wallets. 

The fund provides flexibility in custody and enables transactions around the clock, making it an attractive option for institutional investors seeking liquidity and efficiency.

It is important to say that BlackRock’s expansion to Solana will benefit BUIDL’s existing presence on six other leading blockchains, such as Ethereum, Polygon, Avalanche, and Optimism. 

In addition, the company disclosed that Wormhole, a cross-chain protocol that ensures the seamless movement of assets between blockchains, facilitates the integration. 

This expansion strengthens BUIDL’s position in the market by leveraging Solana’s speed, scalability, and cost efficiency.

Growing Institutional Interest in Tokenized Assets

It is worth mentioning that the expansion of BUIDL to Solana shows the increasing demand among institutional investors for tokenized real-world assets. 

Lily Liu, President of the Solana Foundation, revealed that Solana’s fast processing speed and lower transaction costs make it a strong choice for financial products like BUIDL.

Additionally, with support from popular custodians such as Anchorage Digital, Copper, and Fireblocks, as well as Bank of New York Mellon oversight, BUIDL continues strengthening its position as a leader in institutional-grade digital assets.

In related news, earlier this month, Solana (SOL) transaction fees dropped to 53,800 SOL, their lowest level since September 2024. This decline impacted the coin’s value.

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