BlackRock's tokenized money market fund lands on Solana
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BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on Solana, marking the seventh blockchain for this $1.7 billion fund. The move represents a strategic expansion into on-chain finance, offering crypto traders a yield-bearing product that operates 24/7 and provides interest-generating opportunities within the crypto ecosystem.
March 25, 2025 | 2:30 pm
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BlackRock's decision to deploy its digital liquidity fund on Solana validates the blockchain's technical capabilities and could attract more institutional interest.
BlackRock's selection of Solana indicates strong technical performance, lower transaction costs, and growing institutional trust in the blockchain platform.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90