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Solana Gets A $1.7 Billion Boost As BlackRock Expands Tokenized Funds

  • Financial management behemoth BlackRock has launched a fund for big clients on the Solana network.
  • The fund, called the USD Institutional Digital Fund (BUIDL), has already accumulated $1.7 billion in assets and is available on seven different blockchain platforms.
  • Solana's fast transactions and low fees make it an attractive blockchain for financial firms.
  • BlackRock's efforts to merge blockchain technology with traditional financial products show strong investor interest in these new tools.

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