BlackRock Integrates Money Market Fund With Solana Blockchain
BUIDL was already available on Ethereum, and now it is added to Solana, a competitor known for its speed and cost efficiency. The expansion to Solana responds to the growing demand for more flexible and accessible investment solutions in the digital finance market
BlackRock, the world’s largest asset manager, continues to expand its presence in the crypto market, partnering with startup Securitize to bring its tokenized money market fund to the Solana blockchain.
A year has passed since the launch of the BlackRock USD Institutional Digital Fund, also known as BUIDL. The fund allows investors to access a digital version of traditional money market funds, combining their stability with the advantages of blockchain technology.
Blackrock Solana Securitize
BUIDL was already available on Ethereum, and now it is added to Solana, a competitor known for its speed and cost efficiency. The expansion to Solana responds to the growing demand for more flexible and accessible investment solutions in the digital finance market. BUIDL offers investors the opportunity to earn dollar yields with daily dividend payouts, flexible custody, and the option to make transactions 24/7, which is a crucial advantage over traditional funds, which only operate during business hours.
