The world of tokenized real-world assets (RWAs) is accelerating, and BlackRock is leading the charge with a major expansion of its institutional-grade digital fund, BUIDL. The asset management giant has officially launched its tokenized money market fund on the Solana blockchain, in partnership with Securitize, marking a pivotal development in the convergence of traditional finance and decentralized infrastructure.
This move brings BUIDL to a total of seven blockchains, including Ethereum, Polygon, Aptos, Arbitrum, Optimism, and now Solana—significantly broadening access for institutional and accredited investors seeking yield in the digital asset ecosystem.
BUIDL Reaches $1.7 Billion Across Multiple Chains
As of March 2025, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has amassed $1.7 billion in assets under management (AUM)**, according to Securitize. The fund is on track to surpass **$2 billion by early April, underscoring growing institutional confidence in blockchain-based financial instruments.
BUIDL combines the stability and yield of short-term U.S. Treasuries and cash with the efficiency of blockchain technology. By tokenizing these traditional assets, investors gain faster settlement, improved transparency, and 24/7 accessibility—features that legacy financial systems often lack due to operational constraints and limited trading windows.
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Why Solana? Speed, Scale, and Efficiency
The decision to expand onto Solana is strategic. Known for its high throughput, low transaction fees, and rapid finality, Solana offers a compelling infrastructure for asset tokenization at scale. For a fund like BUIDL, where operational efficiency and cost-effectiveness are critical, Solana’s capabilities align perfectly with institutional demands.
Carlos Domingo, co-founder and CEO of Securitize, emphasized this alignment:
“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 next step.”
This expansion reflects a broader trend: institutions are no longer just exploring blockchain—they’re actively deploying capital across multiple chains to optimize performance and reach.
The Growing Landscape of Tokenized Treasury Funds
BUIDL is not alone in this space. The tokenized treasury market has exploded over the past year, growing nearly sixfold and recently surpassing $5 billion in total market capitalization, according to data from rwa.xyz.
Other key players include:
- Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX): With over $692 million in AUM and 558 on-chain holders, it remains one of the most widely adopted tokenized funds.
- Figure Markets’ YLDS: A newly launched SEC-registered yield-bearing stablecoin offering competitive interest rates backed by real-world lending.
- Ondo Finance’s USDY and USDO: Popular tokenized Treasury products attracting both retail and institutional interest.
- Hashnote’s Short Duration Yield Coin (USYC): Another emerging player offering exposure to short-term U.S. debt via blockchain.
These products collectively signal a shift: digital securities are becoming a core component of modern portfolio strategies, particularly for those seeking stable, regulated yield in volatile markets.
How Tokenized Funds Improve Financial Access
Traditional money market funds often restrict trading to business hours and involve intermediaries that slow down settlement. In contrast, blockchain-based funds like BUIDL enable:
- 24/7 trading and redemption
- Near-instant settlement (compared to T+2 in traditional markets)
- Lower operational costs
- Greater transparency through on-chain tracking
- Programmable compliance via smart contracts
For global institutions, family offices, and even sophisticated retail investors, these advantages translate into more efficient capital allocation and better risk management.
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Adoption Still Early—But Momentum Is Building
Despite the rapid growth, adoption remains concentrated. According to rwa.zyz data, only 62 wallets currently hold BUIDL across all blockchains. This low holder count reflects the current regulatory and access constraints: BUIDL is available only to accredited investors and institutional clients.
However, this exclusivity may not last forever. As regulatory clarity improves and custody solutions mature, broader access could follow—potentially unlocking trillions in dormant capital seeking yield in a transparent, digital format.
Core Keywords Driving RWA Growth:
- Tokenized money market fund
- Real-world assets (RWA)
- BlackRock BUIDL
- Solana blockchain
- Institutional digital assets
- Tokenized U.S. Treasuries
- Securitize
- Blockchain finance
These keywords reflect the core themes shaping the future of asset management—and they’re already driving significant search interest from investors, developers, and financial professionals alike.
Frequently Asked Questions (FAQ)
Q: What is BUIDL?
A: BUIDL is the BlackRock USD Institutional Digital Liquidity Fund—a tokenized money market fund that provides exposure to short-term U.S. Treasuries and cash through blockchain technology. It’s designed for accredited and institutional investors seeking stable yield.
Q: Is BUIDL available on Solana?
A: Yes. As of March 2025, BUIDL is now live on Solana via Securitize, expanding its availability to seven blockchains including Ethereum, Polygon, Arbitrum, Optimism, Aptos, and Solana.
Q: How much is BUIDL worth?
A: The fund has reached $1.7 billion in assets under management and is projected to exceed $2 billion by early April 2025.
Q: Who can invest in BUIDL?
A: Currently, only accredited investors and institutional clients can participate due to regulatory requirements.
Q: What makes tokenized funds better than traditional ones?
A: They offer 24/7 access, faster settlement (often instant), lower fees, greater transparency via public blockchains, and integration with decentralized finance (DeFi) ecosystems.
Q: Why is Solana a good fit for tokenized assets?
A: Solana offers high-speed transactions (50,000+ TPS), low costs (~$0.0025 per transaction), and strong developer support—making it ideal for scalable financial applications like tokenized funds.
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The Road Ahead for Tokenized Finance
BlackRock’s expansion of BUIDL onto Solana is more than just a technical upgrade—it’s a signal of intent. The firm is building a multi-chain presence for its digital assets, ensuring maximum reach and resilience across different ecosystems.
As more institutions follow suit—from asset managers to custodians and regulated exchanges—the line between traditional finance (TradFi) and decentralized finance (DeFi) will continue to blur. The result? A more inclusive, efficient, and transparent global financial system powered by blockchain.
With the RWA market projected to grow into the trillions within this decade, early movers stand to gain significant advantages in liquidity, innovation, and investor trust.
The future of finance isn’t just digital—it’s on-chain.