The world's leading asset management company BlackRock continues to expand the scope of the BUIDL tokenization fund by integrating the Solana blockchain. This move not only helps BUIDL to be present on a total of 7 blockchains but also strengthens Solana's position in the field of traditional financial assets (RWA).


BUIDL – The largest securities tokenization fund in the world


BlackRock USD Institutional Digital Liquidity Fund (#BUIDL ) is an investment fund specializing in tokenizing US Treasury bonds, launched in March 2024 in collaboration between BlackRock and Securitize. To date, this fund is managing over $1.7 billion, becoming the largest real-world asset (RWA) tokenization fund in the world, surpassing competitors like Franklin Templeton and Ondo.


BUIDL is now tradable on 7 blockchains, including:



  • Ethereum



  • Aptos



  • Arbitrum



  • Avalanche



  • Optimism



  • Polygon



  • Solana (latest)




The ability to transfer assets between these blockchains is supported by the Wormhole bridge, optimizing the liquidity and utility of the fund.


Why did BlackRock choose Solana?


According to Mr. Carlos Domingo, CEO of Securitize, the decision to expand BUIDL to Solana comes from the increasing demand for tokenized financial assets. Solana is known for its fast transaction processing speed, high scalability, and low costs, making it a reasonable choice for traditional financial products.


In addition, Solana is making significant progress:



  • Integration with major platforms like MetaMask wallet, Polymarket prediction market.



  • A wave of funds #ETFSOL is being proposed, helping Solana attract more institutional capital.




BUIDL and the strategic move of BlackRock


Not only expanding supported blockchains, but BlackRock and Securitize are also enhancing the utility of BUIDL by collaborating with Ethena to issue a stablecoin backed by BUIDL. This stablecoin will be usable as collateral on the upcoming Convergence blockchain platform.


The expansion to Solana and integration into the DeFi ecosystem shows that BlackRock is not only focused on tokenizing assets but also wants to promote their application in decentralized finance (DeFi).


RWA – A booming trend?


The Real World Asset (RWA) market is attracting increasing attention from major financial institutions like Fidelity, World Liberty Financial, Truth.Fi (Trump family's media company), and Coinbase.


BUIDL is currently leading the wave of real asset tokenization, paving the way for a combination of traditional finance and blockchain. If this trend continues to develop, trading real assets such as bonds, real estate, or stocks on the blockchain will no longer be a distant prospect.



Conclusion


BlackRock's move to bring BUIDL to Solana is an important step, not only helping to scale the fund but also contributing to accelerating the process of asset tokenization of US securities on the blockchain. This could create a new trend, where traditional financial institutions increasingly engage deeper into the digital asset space. #anhbacong