The Blackrock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, will now operate on Solana, expanding its multi-chain presence to seven networks, including Ethereum, Polygon, and Avalanche. Cross-chain interoperability is facilitated by Wormhole, enabling seamless transfers.

Tokenized treasuries reached an all-time high of $5 billion this month.

BUIDL, launched in March 2024 as Blackrock’s first public blockchain-based fund, provides institutional investors with onchain access to U.S. dollar yields, daily dividends, and 24/7 peer-to-peer transactions. Solana’s integration aims to capitalize on its high-speed, low-cost infrastructure for enhanced efficiency.

The tokenized treasury market’s $5 billion milestone reflects accelerating institutional adoption. Custodians Anchorage Digital, Copper, and Fireblocks support BUIDL, while Bank of New York Mellon oversees cash and securities custody.

Securitize CEO Carlos Domingo cited a growing demand for tokenized real-world assets (RWAs), emphasizing Solana’s technical capabilities as critical for accessibility. Solana Foundation President Lily Liu highlighted the network’s developer ecosystem and cost efficiency as advantages for institutional adoption.

“In the year since BUIDL’s launch, we’ve experienced significant growth in demand for tokenized real-world assets, reinforcing the value of bringing institutional-grade products onchain,” Securitize’s CEO stated.

BUIDL crossed $1 billion in assets under management (AUM) and the fund remains accessible only to qualified investors. The expansion highlights a broader shift among traditional financial (TradFi) institutions toward blockchain solutions to improve liquidity and reduce operational costs. BUIDL’s multi-chain strategy aligns with efforts to navigate evolving regulatory frameworks while meeting diverse investor needs.

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