BlackRock BUIDL Fund joins Solana, $1.7 billion in tokenized assets opens a new chapter!
The world's largest asset management firm BlackRock has announced the expansion of its tokenized money market fund BUIDL to the Solana blockchain! The fund currently has a scale of $1.7 billion and is expected to soon surpass the $2 billion mark! This milestone marks the deep integration of traditional finance and blockchain technology, with Solana's potential once again recognized! $SOL
BUIDL Fund Overview
Current Size: $1.7 billion
Target Size: Expected to exceed $2 billion in early April
Issuer: BlackRock
Tokenization Platform: Securitize
Supported Blockchains: Solana, Ethereum, Aptos, Arbitrum, and 7 other chains
The BUIDL Fund provides investors with dollar returns through the tokenization of U.S. Treasury bonds, while leveraging the advantages of blockchain such as 24/7 trading and transparent settlement, making it a perfect bridge between traditional finance and the crypto world!
Significance for Solana
BlackRock's choice of Solana as the seventh blockchain platform for BUIDL fully demonstrates Solana's technological strength and ecological appeal. This move may bring the following impacts:
Institutional Fund Influx: Attract more institutional investors, increasing demand for SOL.
Ecosystem Growth: Enhance Solana's liquidity and project development potential.
Industry Status Enhancement: Consolidate Solana's leading position in the DeFi and tokenized asset sectors.
As Lily Liu, chair of the Solana Foundation, said: “On-chain finance can bring more possibilities to assets, far beyond the limitations of traditional brokerage accounts.”
The arrival of BUIDL could be a catalyst for the explosion of the Solana ecosystem! With more traditional financial products entering, Solana is expected to attract more projects and funds, further driving the development of DeFi and tokenized real-world assets (RWAs).