Securitize has announced the launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Solana blockchain. This move expands access to the fund, managing over $1 billion in assets.
Launch on Solana Blockchain
BUIDL, the first tokenized fund by BlackRock, is now on Solana through a collaboration with Securitize. This move allows qualified investors to earn USD yields on-chain with daily dividend payouts and fast peer-to-peer transfers.
Innovations and Technologies of BUIDL
BUIDL is now live on seven blockchains: Aptos, Arbitrum, Avalanche, Ethereum, Optimism, Polygon, and Solana. Wormhole technology ensures secure cross-chain transfers, broadening market access.
Benefits for Investors
BUIDL is supported by custodians such as Anchorage Digital, Copper, and Fireblocks. Its cash and securities are held at Bank of New York Mellon, providing reliability and trust for investors.
The launch of the BUIDL fund on Solana opens new possibilities for investors, allowing them to leverage blockchain technology and achieve stable income.
