BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has expanded to the Solana blockchain, marking a significant milestone in the tokenized treasury sector.
BUIDL's Expansion to the Solana Blockchain
One year after launching BUIDL, BlackRock and Securitize have introduced a new share class on Solana. This expansion allows BUIDL investors to utilize the fund across Solana’s growing ecosystem. Key advantages of Solana include lower transaction costs and instant settlements.
Solana's Role in Institutional Adoption
Lily Liu, President of the Solana Foundation, noted that Solana provides BUIDL with a balance of innovation and operational efficiency. Solana’s increasing network metrics and active developer community drive institutional adoption.
SOL Price Growth After BUIDL Expansion
Following the BUIDL expansion, Solana's native cryptocurrency SOL is trading at $144. Initially, the surge was tied to Polymarket’s integration, but trading volume has adjusted to $3.35 billion.
BUIDL's expansion to Solana highlights institutional confidence in blockchain infrastructure, contributing to the growth and development of tokenized treasuries.
