Yesterday, Securitize announced that BlackRock's BUIDL fund tokens have also been launched on the Solana blockchain, but the price of the SOL crypto does not seem to have reacted to the news.
March 26, 2025
blackrock launches buidl on solana crypto sol
Yesterday, Securitize announced that BlackRock's BUIDL fund tokens have also been launched on the Solana blockchain, but the price of the SOL crypto does not seem to have reacted to the news.
BlackRock's BUIDL fund also lands on Solana: no movement of the SOL crypto
BUIDL is a tokenized fund from BlackRock. It is the first RWA token launched by the global financial giant.
Securitize is the company to which BlackRock has entrusted the tokenization of this fund.
BUIDL stands for BlackRock USD Institutional Digital Liquidity, and it is a fund dedicated to large institutional investors that "aims to maximize investment income, with a view to capital preservation."
To achieve this, the fund invests in a wide range of high-quality fixed-income securities (such as bonds) and SMM (short-term debt securities).
It is effectively a traditional fund operating in traditional financial markets, but whose shares have been tokenized thanks to Securitize.
In this way, the security token BUIDL was created on the Ethereum blockchain, now also available on Solana's.
As a security token, and not a commodity, it cannot be traded on traditional crypto exchanges, but can only be traded legally on specific exchanges authorized for security token trading.
Care should be taken with this important detail, as there are other tokens with the same name on crypto exchanges that have nothing to do with the BlackRock USD Institutional Digital Liquidity tokenized fund.
Furthermore, the fund requires a minimum investment of one million dollars, so it is not accessible to small retail investors.
Why BlackRock chose the Solana ecosystem
The BUIDL token was launched last year on the Ethereum blockchain.
Initially, Ethereum was chosen because it is by far the most widespread blockchain in the world, even more used than Bitcoin's, and especially because it is secure and is now widely recognized as the leading blockchain in the world for DeFi.
However, Ethereum tends to have not particularly low transaction fees, which is particularly detrimental to those who make many transactions.
The Solana blockchain, which is the second most used in the world (on some days it even surpasses Ethereum), incurs lower fees, making it preferable for those who make a large number of on-chain transactions.
The official press release from Securitize states that the Solana network is known for its speed, productivity, and affordability, and notes that the BUIDL token is also available on Aptos, Arbitrum, Avalanche, Optimism, and Polygon, with cross-chain interoperability enabled by Wormhole.
The co-founder and CEO of Securitize, Carlos Domingo, stated:
“In the year since the launch of BUIDL, we have seen significant growth in demand for real-world tokenized assets, reinforcing the value of bringing institutional-grade products on-chain. As the market for RWA and tokenized treasuries gains momentum, the expansion of BUIDL to Solana, a blockchain known for its speed, scalability, and cost efficiency, is a natural next step.”
The President of the Solana Foundation, Lily Liu, added:
“Solana is uniquely positioned to drive the next wave of adoption of real-world tokenized assets thanks to the speed of the network, low costs, and an active developer ecosystem. Blackrock's expansion of BUIDL on Solana offers users a network that balances innovation with the operational efficiency required by the sector.”
The reaction of the SOL crypto price
SOL is the native crypto of the Solana ecosystem.
Yesterday, after the release of this news, its price was limited to moving from just under $140 to almost $147, before repositioning around $144.
It is worth noting, however, that the bounce of the last few days actually began earlier, particularly the day before yesterday, when it managed to rise from $130 to $144, before dropping back below $140.
In other words, the impact of the BUIDL news on the price of SOL has been essentially null.
The problem is that since the end of January, the price trend of SOL has entered a downward phase that seems to have concluded just before mid-March, but has not yet recorded a significant bounce.
Indeed, the price in the last two months has dropped from over $250 to below $120, before recovering just above $140.
Moreover, most of this recent bounce occurred right in the middle of the month, when it went from $114 on March 11 to over $135 in just four days.
It is worth noting that the current price is below $157 from which the last bull run started after Trump's election victory.