BlackRock Launches $1.7B Fund on Solana

BlackRock Expands Tokenized Treasury Fund to Solana

• BlackRock’s USD Institutional Digital Fund, known as BUIDL, has reached $1.7 billion in assets.
• The fund is expected to surpass $2 billion soon.
• BUIDL is now available on Solana, marking the seventh blockchain platform for the fund.
• The fund combines traditional money market instruments with blockchain technology.
• BlackRock oversees $11.6 trillion in client assets and has launched a spot-Bitcoin ETF attracting nearly $40 billion.

BlackRock has expanded its digital asset offerings by launching its tokenized treasury fund on Solana. The BUIDL fund, which has already amassed $1.7 billion, is anticipated to exceed $2 billion shortly, furthering BlackRock’s presence in crypto markets.