Solana

Just in: Blackrock’s BUIDL fund is launching on Solana!

@Securitize brings the largest yield-bearing tokenized treasury to Solana 🧵


The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized by @Securitize brings institutional grade yield to Solana’s high performance network.

Over $1.7B of BUIDL tokens have been issued on other chains as of March 25th, according to @RWA_xyz. 

How does it work?

— 1 BUIDL token = 1 fund share
— The fund holds U.S. treasury bills and cash equivalents
— Dividend yield payments are made directly to wallets holding
— Cross-chain transfers via @wormhole for interoperability 

BUIDL expands the suite of real world assets tokenized on Solana, following @apolloglobal's recent launch of the ACRED diversified credit fund.

The institutions are here, and they’re building on Solana.

More on the news from Securitize: https://x.com/Securitize/status/1904519397420749028