Solana is now house to the most important yield-bearing tokenized treasury following the launch of a brand new share class on the community. According to a press launch, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has prolonged help to Solana, pushing the frontier for conventional cash market funds.
BUIDL Expands To Solana As It Eyes Expansion
One 12 months after BlackRock and Securitize teamed as much as roll out BUIDL, the blockchain-based cash market fund has made its Solana debut. Securitize introduced the event in a press launch, noting the rollout of a brand new share class on Solana.
Following the growth, BUIDL traders can now use the tokenized fund throughout Solana’s ecosystem. Securitize and BlackRock are eyeing decrease transaction prices and immediate settlements related to the Solana community.
“As the market for RWAs and tokenized treasuries gains momentum, expanding BUIDL to Solana – a blockchain known for its speed, scalability, and cost efficiency – is a natural step,” mentioned Securitize CEO Carlos Domingo.
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Aliyu Pokima
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