BlackRock has expanded its USD Institutional Digital Liquidity Fund (BUIDL) to Solana, making it accessible on seven blockchain networks, including Ethereum, Aptos, Arbitrum, Optimism, Avalanche, and Polygon.
The expansion was announced on March 25, 2025, by Securitize, a real-world asset (RWA) tokenization platform that collaborates with BlackRock, Apollo, and Hamilton Lane. BUIDL, which launched in March 2024, has already surpassed $1 billion in assets under management (AUM) and provides U.S. dollar yields to qualified investors.
Why Solana? Speed, Scalability, and Cost Efficiency
Solana’s high-speed transactions and low fees make it a strategic choice for tokenized financial products. Carlos Domingo, CEO of Securitize, highlighted that the RWA and tokenized treasury market is gaining momentum, and Solana’s scalability makes it a natural next step for BUIDL’s expansion. The fund offers daily dividend payouts and benefits from flexible custody solutions provided by Copper, Anchorage Digital, and Fireblocks. BUIDL currently boasts a $1.7 billion market cap, leading over competitors like Hashnote Short Duration Yield Coin ($764M) and Franklin Templeton’s On-Chain U.S. Government Money Fund ($792M).
BlackRock’s Growing Presence in the Crypto Market
Alongside its Solana expansion, BlackRock is making major moves in digital assets, including taking its spot Bitcoin ETF to Europe. Since its launch in January 2024, BlackRock’s Bitcoin ETF has become the largest by net assets, surpassing $50 billion in AUM with nearly $40 billion in net inflows. With institutional demand for tokenized assets surging, BlackRock’s aggressive push into blockchain signals mainstream adoption of crypto-based investment products. For more updates on tokenized assets and institutional crypto trends, visit TheCoinInfo.
