BlackRock Moves $1.7 Billion Fund to Solana Blockchain
- BlackRock is transferring its $1.7 billion USD Institutional Digital Liquidity Fund (BUIDL) to the Solana blockchain.
- Solana’s price increased nearly 19% over the last week, trading at $145.
- BUIDL initially launched on Ethereum and Solana is now the seventh blockchain it supports.
- The fund aims to exceed $2 billion in cash and Treasury bills by early April.
- BUIDL offers benefits like 24/7 trading compared to traditional money market funds.
Solana’s integration with BlackRock’s BUIDL fund has contributed to a significant price increase, reflecting growing interest in blockchain-based financial solutions. The fund is expected to surpass $2 billion soon, enhancing its appeal with features such as round-the-clock trading.
Source (2.6)https://dailyhodl.com/2025/03/25/solana-rises-as-blackrock-brings-its-1700000000-tokenized-treasury-fund-to-ethereum-rivals-chain/?rand=59076
