BlackRock Expands BUILD Fund to Include Solana
BlackRock has recently expanded its USD Institutional Digital Liquidity Fund (BUIDL) to include the Solana blockchain as part of its ongoing efforts to enhance and innovate its tokenized money market fund offerings. This significant announcement was made by Securitize and introduces a new share class for BUIDL on Solana, adding to the fund's prior expansions on multiple blockchains such as Ethereum, Aptos, and Polygon.
Launch Details: BUIDL was originally launched in March 2024, focusing on investments in U.S. Treasury bonds and cash. It provides qualified investors with on-chain access to U.S. dollar yields through daily dividends and swift peer-to-peer transactions. Solana Integration: The integration of Solana is strategically aimed at leveraging the blockchain's low transaction fees and high speed, providing enhanced flexibility for investors. Show Less
