Connect with us

Hi, what are you looking for?

Webinar News NetworkWebinar News Network

Editor's Pick

BlackRock’s BUIDL Launches On Solana Signaling Rising Institutional Adoption

Solana is now home to the largest yield-bearing tokenized treasury following the launch of a new share class on the network. According to a press release, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has extended support to Solana, pushing the frontier for traditional money market funds.

BUIDL Expands To Solana As It Eyes Expansion

One year after BlackRock and Securitize teamed up to roll out BUIDL, the blockchain-based money market fund has made its Solana debut. Securitize announced the development in a press release, noting the rollout of a new share class on Solana.

Following the expansion, BUIDL investors can now use the tokenized fund across Solana’s ecosystem. Securitize and BlackRock are eyeing lower transaction costs and instant settlements associated with the Solana network.

“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 Securitize CEO Carlos Domingo.

THIS IS A DEVELOPING STORY

The post BlackRock’s BUIDL Launches On Solana Signaling Rising Institutional Adoption appeared first on CoinGape.

You May Also Like

Investing

WASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including a near catastrophe last...

Investing

United Airlines plans to add daily flights to Vietnam and Thailand in October, further expanding the network for the U.S. carrier that already has the...

Investing

Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after...

Investing

Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that...