BlackRock’s BUIDL Fund is making waves again. The tokenized money market fund, barely a year old, has already amassed a staggering $1.7 billion in assets. Not bad for a newcomer. Launched in March 2024, it’s expected to hit the $2 billion mark by early April 2025. The financial giant isn’t stopping there.
On March 25, 2025, BlackRock announced BUIDL’s expansion to Solana. The seventh blockchain to host the fund. Why Solana? Simple. Speed, cost, and throughput. The integration gives Solana users access to a dollar-pegged fund backed by actual cash and U.S. Treasury bills. Real money, not algorithmic promises.
BlackRock’s strategic move to Solana brings real-asset backing to the high-speed blockchain ecosystem. Treasury-powered yields meet lightning transactions.
BUIDL isn’t just another stablecoin. It pays dividends. Daily accrual, monthly payments. An invigorating alternative to non-yield generating stablecoins that just sit there. The integration helps address the lack of interest-earning opportunities with popular stablecoins like USDT and USDC. The fund combines traditional money market functionality with blockchain efficiency. Old school meets new tech.
The market’s response? Enthusiastic, to say the least. BUIDL pulled in $700 million in just 11 days. People want yield without headaches. The tokenized treasury approach solves real problems. Traditional money markets close at 4 PM. BUIDL trades 24/7. No waiting for markets to open. No weekend gaps. The instant fund movement capability is particularly valuable in today’s fast-paced markets.
BlackRock partnered with Securitize for tokenization and uses Wormhole for cross-chain capabilities. Behind the scenes, heavyweights like Bank of New York Mellon handle custody of the actual securities. It’s a serious operation. Users can also purchase real estate properties with their Bitcoin gains from these investments.
This isn’t BlackRock’s first crypto rodeo. They launched a spot Bitcoin ETF in January 2024. BUIDL represents another step in their digital asset strategy. The world’s largest asset manager doesn’t make moves lightly.
The implications are significant. Traditional finance is embracing blockchain, not fighting it. Tokenized real-world assets now exceed $5 billion in market cap. BUIDL is competing with similar products like Franklin Templeton’s FOBXX. The trend is clear. Institutional money is coming to crypto. Not with a trickle, but a flood.
