BlackRock's blockchain-based money market fund, BUIDL, has launched on Solana, expanding its presence beyond Ethereum to seven blockchains.
With approximately $1.7 billion in assets and projected growth to over $2 billion, BUIDL offers investors a relatively secure, yield-generating alternative in the volatile crypto market.
This move addresses limitations of traditional money market funds by providing 24/7 access and an interest-bearing alternative to stablecoins.
This Solana launch is part of BlackRock's broader crypto strategy, including a spot-Bitcoin ETF, reflecting growing institutional confidence and a push towards tokenized financial products. Show Less
