BlackRock Does the Integration BUIDL to the Solana Network

Bittime - BlackRock, a giant asset management company, carries out integration BUILD to the Solana network. Since its launch, BUIDL has accumulated approximately $1.7 billion in assets under management, according to data from RWA.xyz.

In this way, Solana becomes the seventh blockchain that supports BUIDL after Ethereum, Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Read this article to find out more!

What is BUIDL?

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is BlackRock's first tokenized fund to offer investors on-chain access to US dollar yields through investments in US Treasury bonds and cash. 

BUIDL was first launched in March 2024. The fund is designed to provide institutional digital liquidity with daily dividend payments and allows near real-time peer-to-peer transfers. ​

Read Also: 5 Decentralized Exchange (DEX) Solana Teratas

BlackRock: Integration BUIDL to the Solana

The decision to integrate BUIDL into Solana reflects the superiority of this network technology. Solana is known for its cost efficiency, high transaction speed, and better scalability compared to other blockchains.

This step also follows in the footsteps of Franklin Templeton which recently launched Franklin OnChain U.S. Government Money Fund (FOBXX) of Solana. 

Currently, FOBXX is the third largest tokenized money market fund after BlackRock's BUIDL and Hashnote's USYC.

Advantages of BUIDL 

BUIDL offers features not found in traditional money market funds that only operate during business hours. BUIDL runs 24/7 allowing crypto traders to profit from their assets.

This provides an alternative to interest-free stablecoins such as USDT and USDC. Users can earn returns on their funds without having to rely on traditional financial instruments.

Read Also: Top 5 Trending Solana Coin Memes: There's BARSIK and PNUT

BUIDL: Cross $1 Billion

In early March, BUIDL made history as the first tokenized fund from a Wall Street institution to reach $1 billion in assets under management.

Securitize, the company handling BUIDL tokenization, estimates that this fund could surpass the $2 billion mark as early as April 2025. 

Tokenization makes it possible to overcome various limitations that exist in traditional money market systems.

Read Also: Solana Token Unlock: Will SOL Price Be Bullish or Bearish?

BlackRock and the World of Digital Assets

Integration BUIDL to Solana shows that BlackRock is getting serious about entering the world of digital assets. 

Previously, the company had also launched a spot Bitcoin ETF in January 2024, which managed to attract nearly $40 billion based on data from SoSoValue.

With adoption continuing to increase, tokenization is predicted to become the new standard in global asset management. This integration of BUIDL into Solana is just the beginning of a major transformation underway in the world of digital finance.

Read Also: Solana Price Prediction by Ali Martinez: Can it Break $4,000?

Solana FAQs

What is Solana?

Solana is a blockchain designed to support DApps with high speed and low transaction fees. Its advantage lies in the Proof-of-History (PoH) consensus mechanism which allows the network to process up to thousands of transactions per second with high efficiency.

How many Rupiah is 1 SOL?

Currently, 1 SOL is worth IDR 2,405,381 based on the Bittime market. 

1 SOL How much is USD?

Currently, 1 SOL is worth $144.36 according to Coinmarketcap. 

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Crypto Briefing, BlackRock expands $1.7B tokenized treasury fund to Solana, accessed March 26, 2025.

Coinmarketcap, Currencies-Solana, accessed March 26, 2025.

Author: IPR