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.