BlackRock's BUIDL Fund to Expand to Solana Network

Blockbeats
03-25

BlockBeats News, March 25th, According to Fortune report, BlackRock's technology partner Securitize announced that BlackRock will expand its blockchain-based money market fund, BUIDL, to Solana. The BUIDL fund is now available on seven blockchains, including Solana.

BlackRock's tokenized money market fund was initially launched on Ethereum, attracting a stable inflow of funds. A Securitize spokesperson stated that as of Tuesday, BUIDL has accumulated $1.7 billion in cash and treasury bonds and is set to surpass $2 billion in early April.

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