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BlackRock Expands $1.7B Tokenized Money Market Funds to Solana

  • BlackRock has launched its tokenized money market funds on the Solana network, expanding accessibility to the $1.7 billion financial product.
  • The BlackRock USD Institutional Digital Fund (BUIDL) is now available on Solana, making it the seventh network where users can access the fund.
  • Solana's transactional efficiency and low fees have attracted institutions to integrate their funds onto the blockchain, with BlackRock following the trend.
  • BlackRock's move follows its previous success with Bitcoin and Ethereum ETFs and aligns with the company's focus on asset tokenization.

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