BlackRock’s Crypto Fund BUIDL Reaches $1.7B, Welcomes Solana to its Growing Portfolio
- BlackRock and its technology partner Securitize have announced their blockchain money market fund will now expand to Solana.
- The Blackrock USD Institutional Digital Fund (BUIDL) provides traditional investors with the opportunity to earn yield through blockchain ecosystems.
- BUIDL has recently reached US$1.7B in cash and treasury bill holdings and is projected to reach US$2B in early April.
- BUIDL signifies growing interest by large TradFi entities in the financial benefits that blockchain technology can generate.
BlackRock’s technology partner Securitize announced the news that the BUIDL fund will expand to popular blockchain Solana (SOL), which has been a Layer-1 competitor to Ethereum (ETH). This…
