BlackRock has expanded its tokenized money market fund BUIDL to the Solana blockchain, boosting institutional confidence in blockchain infrastructure.
BlackRock has also launched a physical Bitcoin ETP for European markets, providing traditional investors with regulated access to Bitcoin.
The expansion of BlackRock's BUIDL fund to Solana validates the blockchain's integration of real-world assets and its potential for institutional finance.
The Solana price surged following these developments, as it became a go-to chain for tokenized financial products and garnered broader exposure to institutional capital.