BlackRock Expands Money Market Fund BUIDL to Solana
BlackRock is broadening the reach of its money market fund, BUIDL, by integrating it with the Solana network. This expansion increases BUIDL’s accessibility across seven blockchain networks, reinforcing BlackRock’s commitment to tokenized assets.
- Securitize, a tokenization platform, announced the move on March 25, 2025.
- The expansion brings BUIDL to Solana, adding to its availability on Ethereum, Aptos, Arbitrum, Optimism, Avalanche, and Polygon.
BUIDL’s Growth in the Tokenized Treasury Market
Launched in March 2024, BUIDL has exceeded $1 billion in assets under management while offering U.S. dollar yield to qualified investors. Its rapid adoption reflects the increasing demand for on-chain financial products.
- Flexible custody options enhance security, with providers like Copper, Anchorage Digital, and Fireblocks.
- Daily dividend payouts make BUIDL attractive, providing consistent returns to investors.
Why Solana? Speed and Cost Efficiency
Solana’s high-speed transactions and low-cost infrastructure make it a strategic choice for BlackRock’s tokenized fund.
- Investors benefit from near-instant settlements, a key advantage over traditional finance.
- Lower transaction costs improve efficiency, making fund access more cost-effective.
“As the market for real-world assets (RWAs) and tokenized treasuries gains momentum, expanding BUIDL to Solana—a blockchain known for its speed, scalability, and cost efficiency—is a natural next step,” said Carlos Domingo, CEO of Securitize.
BUIDL Outpaces Competing Tokenized Funds
BUIDL continues to dominate the tokenized treasury sector, maintaining a strong market position.
- Its market cap stands at $1.7 billion, significantly ahead of competitors.
- Hashnote’s Short Duration Yield Coin trails at $764 million, while Franklin Templeton’s On-Chain U.S. Government Money Fund holds $792 million.
- BUIDL saw $235 million in inflows over the last 30 days, according to RWA.xyz.
BlackRock’s Broader Crypto Expansion
Beyond Solana, BlackRock is expanding its digital asset offerings with its spot Bitcoin ETF now entering the European market.
- Launched in January 2024, the fund is the world’s largest, surpassing $50 billion in net assets.
- Nearly $40 billion in net inflows highlight increasing institutional demand for Bitcoin-based financial products.
BlackRock’s continued investment in blockchain-based finance signals growing confidence in tokenized assets as the future of institutional finance.
