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BlackRock has launched a Solana-native share class for its $1.7B BUIDL tokenized U.S. Treasury fund.
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The move shows increased institutional adoption of blockchain, with Solana as a scalable platform for real-world asset tokenization.
BlackRock has expanded its tokenized U.S. Treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to the Solana blockchain, introducing a native share class on the network.
The expansion introduces a new share class on Solana, with improved settlement speed, lower transactional cost, and better scalability compared to Ethereum, where BUIDL initially launched.
BUIDL, developed in partnership with tokenization platform Securitize, allows qualified investors to gain exposure to U.S. Treasury-backed yields through blockchain-native instruments.
The fund distributes daily accrued dividends directly to wallets and offers near-instant peer-to-peer payments. The portfolio is predominantly U.S. Treasury bills, repurchase agreements, and cash, a stable yield-generating digital asset collateralized by traditional finance instruments.
Institutional Adoption Increases as BlackRock Brings BUIDL Fund to Solana
The expansion to Solana is a sign of global momentum in institutional adoption of blockchain infrastructure. “Over the past year, we’ve seen strong demand for tokenized real-world assets,” said Carlos Domingo, CEO of Securitize. “Bringing institutional-grade products like BUIDL on-chain continues to validate that demand.”
Lily Liu, President of the Solana Foundation, noted Solana’s technical benefits—low fees, high throughput, and low latency—as key to making institutional-grade financial products like BUIDL possible. With Solana support added, BlackRock is expanding investor access and operational flexibility, something that may become a template for other large institutions entering the blockchain-based asset tokenization space.
With over $1.7 billion in assets under management, BUIDL is the largest tokenized U.S. Treasury fund on the market. BlackRock’s addition of Solana support follows a growing trend among traditional financial players exploring blockchain-based settlement and tokenization models.
The launch may serve as a reference point for other institutions looking to tokenize regulated financial products across scalable blockchain networks.