#BlackRock⁩ #BUIDL #on #Solana⁩

- BlackRock's #usd Institutional Digital Liquidity Fund (BUIDL), in partnership with Securitize, has expanded its operations to the Solana blockchain.

- This move signifies a growing trend of bringing traditional financial assets onto blockchain networks.

- The BUIDL fund provides institutional investors with on-chain access to U.S. dollar yields.

- The fund has seen significant growth in assets.

- Tokenized Treasury Funds:

- The tokenization of treasury funds is a key aspect of the broader RWA trend.

- Solana's high throughput and low transaction costs make it an attractive platform for these types of assets.

- The total tokenized treasury market has seen very strong growth.

- Solana's Role: $SOL

- Solana is increasingly being recognized for its capabilities in supporting real-world asset tokenization.

- The advancements with BlackRock's BUIDL, along with other developments, are contributing to Solana's growing role in institutional finance.

In essence, the move by BlackRock to bring its BUIDL fund onto Solana is a strong indicator of the increasing convergence of traditional finance and blockchain technology.