BlackRock’s BUIDL fund is spreading its tentacles. The financial giant announced on March 25, 2025, that its tokenized money market fund is now available on Solana, making it the seventh blockchain network to host the rapidly growing fund. Not that BlackRock needs more money, but the fund has already amassed a staggering $1.7 billion in assets since its March 2024 launch. Experts predict it’ll hit $2 billion by early April 2025. No big deal.
BlackRock’s BUIDL fund keeps conquering blockchains—Solana’s just the latest victim in its $1.7 billion rampage.
The Solana integration isn’t just another notch on BlackRock’s blockchain belt. It’s strategic. Solana’s known for speed, high throughput, and dirt-cheap transaction costs. These features enable 24/7 trading and near real-time transfers—something traditional finance still struggles with. The goal? Attract more investors, boost liquidity, and make competitors sweat.
BUIDL started on Ethereum but quickly expanded to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Wormhole enables cross-chain interoperability, so investors can move their tokens across blockchains without breaking a sweat. This approach provides intraday liquidity similar to conventional ETFs but with blockchain advantages. Flexibility matters.
The tokenized treasury fund concept is catching on. It merges old-school money market functionality with blockchain efficiency. No more waiting for bank hours or dealing with outdated settlement processes. Transparency, efficiency, speed, reduced costs. Banking, but better.
BlackRock’s been busy in the digital asset space. Remember their spot Bitcoin ETF from January 2024? That little experiment pulled in $40 billion. Securitize is serving as BlackRock’s technology partner for the BUIDL initiative, providing the technical infrastructure that makes this expansion possible. The BUIDL fund primarily focuses on short-term investments that generate yield from cash and Treasury bills. The message is clear: blockchain isn’t just for crypto bros anymore.
Competition is heating up. Franklin Templeton’s OnChain U.S. Government Money Fund sits at $671 million. Figure Markets got SEC approval for an interest-bearing stablecoin. The entire tokenized real-world asset market now exceeds $5 billion. Last year, the tokenized treasury sector grew nearly sixfold.
This expansion represents more than just another blockchain integration. It signals a fundamental shift in how financial markets operate. Traditional finance and blockchain technology are no longer separate worlds. They’re merging, fast. And BlackRock’s leading the charge.
