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BlackRock Brings BUIDL Fund onto Solana

The $1.7B tokenized treasury fund is already available on Ethereum, Optimism, Arbitrum, Polygon, Avalanche, and Aptos.

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BlackRock's $1.7 billion tokenized treasury fund, BUIDL, has added Solana Solana as its seventh blockchain platform, Fortune reports.

What’s the Scoop?

  • Major Expansion: BlackRock's BUIDL fund, holding $1.7 billion, has expanded to Solana, adding to six other blockchain platforms like Ethereum Ethereum and Avalanche.
  • Blockchain Money Markets: The BUIDL fund tokenizes traditional money market instruments, combining them with blockchain for 24/7 operation and accessibility.
  • Industry Shifts: BlackRock CEO Larry Fink emphasized tokenizing financial assets as the next phase in transforming traditional markets.

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