Securitize has announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is now available on the Solana blockchain, marking a significant expansion of access to the tokenized fund. BUIDL, which recently surpassed $1 billion in assets under management, is the first tokenized fund issued by BlackRock on a public blockchain, enabling qualified investors to earn U.S. dollar yields on-chain with daily dividend payouts and flexible custody options.
The fund, initially launched in March 2024 by Securitize and BlackRock, allows for fast peer-to-peer transfers and is now available on seven blockchains: Aptos, Arbitrum, Avalanche, Ethereum, Optimism, Polygon, and Solana. Secure cross-chain transfers are facilitated through Wormhole, expanding the accessibility for investors, decentralized autonomous organizations (DAOs), and digital asset firms.
Securitize CEO Carlos Domingo emphasized the growing demand for tokenized real-world assets (RWAs) and how institutional investments on the blockchain are proving their value. He noted that Solana, known for its speed, scalability, and cost efficiency, is a natural next step for BUIDL’s expansion.
Solana Foundation President Lily Liu highlighted that Solana’s low-cost transactions and robust developer community make it an ideal network for tokenized assets. BlackRock’s move to Solana further enhances the network’s efficiency and innovative potential in the digital asset space.
BUIDL is backed by custodians like Anchorage Digital, Copper, and Fireblocks, with Bank of New York Mellon managing its cash and securities.
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