- BlackRock expanded its BUIDL fund to the Solana blockchain.
- The move underscores Solana’s speed, scalability, and cost efficiency.
- The integration led to a significant rise in Solana’s trading value.
Lede:
BlackRock, the world’s largest asset manager, expanded its BUIDL fund to the Solana blockchain in March 2025.
Nut Graph:
BlackRock’s decision to move its tokenized money market fund BUIDL to Solana is a pivotal financial intervention. Market participants like Carlos Domingo of Securitize highlight Solana’s speed and cost efficiency as key factors. Market dynamics reflect this change, with Solana trading at $145.92, experiencing a positive shift.
“As the market for RWAs and tokenized treasuries gains momentum, expanding BUIDL to Solana – a blockchain known for its speed, scalability, and cost efficiency – is a natural step,” said Carlos Domingo, CEO, Securitize.
The integration led to a 15% rise in Solana’s trading value, demonstrating institutional influence. BlackRock continues its growing involvement in crypto, notably enhancing its presence after launching a Bitcoin ETF. The announcements align with growing encrypted market capitalizations and increased blockchain transaction volumes.
CoinMarketCap data indicates Solana trading at $144.46, with a 1.48% rise in the past 24 hours. The current market cap stands over $73.8 billion, reflecting a robust market presence. Solana’s seven-day trend shows a significant 14.24% price increase, underscoring a heightened investor interest following the expansion news.
The inclusion of Solana in institutional portfolios suggests promising regulatory shifts. The blockchain technology’s growing traction may signal a potential increase in governmental and technological advancements, as investor confidence spurs more substantial financial and policy engagements across broader market landscapes.