Solana Gets A $1.7 Billion Boost As BlackRock Expands Tokenized Funds
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BlackRock has launched the USD Institutional Digital Fund (BUIDL) on seven blockchain platforms, with Solana being a key network. The fund has already attracted $1.7 billion in assets since March 2024, signaling growing institutional interest in blockchain-based financial products. Solana's fast transaction speeds and low fees make it attractive for tokenized treasury funds.
March 26, 2025 | 5:45 pm
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BlackRock's strategic selection of Solana for its $1.7B institutional fund validates the blockchain's technical capabilities and could drive increased investor confidence.
BlackRock's fund launch on Solana demonstrates institutional validation, potentially attracting more investment and driving SOL's price upward. The blockchain's low fees and high transaction speed make it attractive for large financial products.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95