BlackRock (NASDAQ:HOOD) is deepening its engagement with blockchain technology by bringing its tokenized money market fund, BUIDL, to Solana.
What Happened: The development was confirmed on Tuesday by Securitize, BlackRock’s tech partner, marking another significant step in the asset manager’s digital asset roadmap, Fortune reported.
Originally introduced in 2023 as the BlackRock USD Institutional Digital Liquidity Fund, BUIDL integrates traditional money market features—such as short-term, yield-generating cash placements—with the efficiency and real-time transaction capabilities of blockchain infrastructure.
Initially launched on Ethereum (CRYPTO: ETH), the fund is now accessible on a total of seven blockchains, with Solana the latest addition.
“Money market funds have typically been …
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