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.