BlackRock and Securitize Launch on Solana: BUIDL Fund Reaches $1.7 Billion as Tokenized Treasury Market Passes Record High of $5 Billion

BlackRock and Securitize Launch on Solana: BUIDL Fund Reaches $1.7 Billion as Tokenized Treasury Market Passes Record High of $5 Billion

BUIDL on Solana: A new chapter in the tokenized treasury market

On March 25, 2025, Blackrock and Securitize announced the launch of a new share class of their tokenized treasury fund, BUIDL, on the Solana blockchain. This came as the fund's assets reached $1.7 billion and the total market-wide tokenized treasury market hit a record $5 billion.

BUIDL's Solana debut and the all-time high of the tokenized treasury market

The Blackrock USD Institutional Digital Liquidity Fund, also known as BUIDL, is now operating on Solana, expanding its multi-chain presence to a total of seven networks including Ethereum, Polygon and Avalanche. Cross-chain interoperability is enabled by Wormhole technology, which ensures seamless transfers between blockchain networks.

BUIDL launched in March 2024 as Blackrock's first public blockchain-based fund. It offers institutional investors on-chain access to US dollar yields, daily dividends and 24/7 peer-to-peer transactions. The Solana integration aims to leverage the network's high-speed and low-cost infrastructure to further increase efficiency.

Reaching the $5 billion milestone in the tokenized treasury market reflects accelerated institutional adoption. Custodians Anchorage Digital, Copper and Fireblocks support the BUIDL fund, while Bank of New York Mellon is responsible for custody of cash and securities.

Growing demand for tokenized real-world assets

Carlos Domingo, CEO of Securitize, noted the increasing demand for tokenized real-world assets (RWAs) and highlighted Solana's technical capabilities as crucial to the accessibility of these products. In addition, Lily Liu, President of the Solana Foundation, highlighted the network's developer ecosystem and cost-effectiveness as advantages for institutional adoption.

“In the year since BUIDL launched, we have seen significant growth in demand for tokenized real-world assets, validating the value of institutional on-chain products,” Domingo further explained.

The BUIDL fund currently exceeds $1 billion in assets under management (AUM) and remains open only to qualified investors. This expansion underscores the broader shift by traditional financial institutions (TradFi) towards blockchain solutions that aim to improve liquidity and reduce operational costs. BUIDL's multi-chain strategy is also designed to position itself in dynamic regulatory environments while meeting the diverse needs of investors.

Overall, the introduction of the new share class on Solana represents not only a technical advance, but also a significant step in the development of the entire tokenized treasury market, in which demand continues to increase.