- BUIDL tokenized fund reaches $1.7B and expands to Solana blockchains.
- The integration with Solana could boost BUIDL’s 24/7 accessibility and investor reach.
- BlackRock continues to lead tokenized assets with BUIDL’s rapid growth.
BUIDL, BlackRock’s tokenized money market fund, has expanded to the Solana blockchain as it nears $2 billion in market capitalization. Since its launch in March 2024 the fund has seen substantial growth in the tokenized treasury market. BlackRock partnered with Securitize to launch BUIDL, a digital liquidity fund that aims to transform money markets.
BUIDL Expands to Solana Amid Surge in Value
BUIDL attained a $1.7 billion market capitalization, which strengthened its dominance in tokenized U.S Treasury products. RWA.xyz data reveals that BUIDL currently holds 34% of the tokenized market products. The fund has seen substantial growth with a 240% increase from $500 million in market capitalization since 2024.
Besides Solana BUIDL operates on various blockchain networks such as Ethereum, Aptos, Arbitrum, Avalanche, Optimism and Polygon. This reflects the increased demand for tokenized treasury products in the crypto market. The integration of Solana aims to increase investor accessibility because the network offers fast transactions and low fees.
BUIDL’s price is backed by the U.S dollar and pays daily dividends to investors each month. The fund provides an interest-generating alternative unlike stablecoins such as USDT and USDC. The 24/7 accessibility distinguishes BUIDL from conventional money market funds which operate in limited business hours.
U.S Tokenized Treasury Fund Trend
Franklin Templeton launched its Solana-based tokenized treasury fund in February 2025 to compete with BUIDL. Franklin’s OnChain U.S. Government Money Fund currently stands as the third-largest tokenized money market fund in market capitalization. The growth of tokenized treasuries on Solana reflects the growing demand for digital financial solutions.
Securitize provides tokenization services for BUIDL as part of its efforts to advance real-world asset tokenization. Securitize COO Michael Sonnenshein stated that its important to improve the current traditional money market fund frameworks. The firm aims to make off-chain assets more accessible for investors.
In January 2025, Securitize partnered with Solana to boost the adoption of tokenized assets. Additionally, BlackRock aims to transform traditional finance through blockchain technology. BlackRock CEO, Larry Fink has suggested that tokenization of all financial assets is the next step in the industry.
BUIDL’s expansion into Solana strengthens BlackRock’s position in the digital asset market. BlackRock manages $11.6 trillion client assets which positions it as a leader in the crypto market.