BlackRock Expands BUIDL Fund to Solana Blockchain

March 25, 2025

Details

  • BlackRock and Securitize have launched a new Solana-based share class for the BUIDL tokenized treasury fund, which now manages $1.7 billion in assets as of March 25, 2025.
  • This move enhances multi-chain accessibility, using Securitize's tokenization platform and Solana's high-speed, low-cost blockchain to engage institutional investors and decentralized autonomous organizations (DAOs).
  • Notable features include daily dividend distributions, around-the-clock peer-to-peer transfers, and cross-chain interoperability through Wormhole technology across seven supported blockchains, including Ethereum and Polygon.
  • The expansion builds on BUIDL's debut on Ethereum in 2024, with asset growth of 70% in the first quarter of 2025 alone.
  • Custody for institutional clients is provided by partners such as Coinbase and BitGo, and current blockchain data shows 62 Solana wallets currently holding BUIDL.

Impact

The addition of Solana brings new speed and efficiency to BlackRock's tokenized fund offering, encouraging greater institutional adoption of real-world asset integration on blockchains. By leveraging Solana’s scalable and inexpensive transactions, BlackRock reinforces traditional finance’s growing alignment with DeFi infrastructure. This expansion underscores the momentum of blockchain-based treasuries and sets a higher bar for rivals in the emerging $16 billion tokenized assets market.

Read more