Securitize has officially brought the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to the Solana blockchain, broadening its accessibility as the fund surpasses $1 billion in assets under management.
Originally launched in March 2024, BUIDL is the first tokenized fund by BlackRock to be issued on a public blockchain. The fund enables qualified investors to earn U.S. dollar yields on-chain, with features such as daily dividend payouts, flexible custody, and fast peer-to-peer transfers. With the addition of Solana, BUIDL is now available on seven blockchains, including Aptos, Arbitrum, Avalanche, Ethereum, Optimism, Polygon, and Solana. Cross-chain transfers are facilitated by Wormhole, enhancing access for investors, DAOs, and digital asset firms.
Carlos Domingo, CEO of Securitize, highlighted the increasing demand for tokenized real-world assets (RWAs), emphasizing the growing importance of blockchain in facilitating institutional investments. He noted that moving BUIDL to Solana, a blockchain recognized for its speed, scalability, and cost-effectiveness, aligns with market needs.
Lily Liu, President of the Solana Foundation, underscored that Solana’s fast and low-cost transactions, along with a robust developer community, make it an ideal choice for tokenized assets. Liu also emphasized that BlackRock’s decision to bring BUIDL to Solana would provide users with a more efficient and innovative network.
The BUIDL fund is supported by custodians such as Anchorage Digital, Copper, and Fireblocks, with the Bank of New York Mellon holding its cash and securities.
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