Blackkrock takes tokenized money fund for the market in Buyidl in Solana Blockain

Blackrock is a tokenized money market fund, Buidl, has become available in Solana, securitize announcedMarking another step in the property manager in the block-based finance.

Extension makes Buidl available on seven blocks, including Etherum, Polygon, Aptos, Arbitrum and Optimism. However, only 62 wallets currently hold BUIDL on the chain, however, according to Rva.ziz data.

The Fund, the official fund for the digital digital liquid liquid, combines the short term bearing portfolio of cash and American cash registers with settlement and transmission of blococoin options. From its introduction to Etherum in 2023. year, the fund has Drawn in $ 1.7 billion And on the way he crossed $ 2 billion in early April, according to securitization.

“In the year of Buiid’s launch, we experienced a significant increase in demand for the tokenizing real assets, strengthening the value of the institutional classroom production,” Carlos Domingo, co-founder and executive director of securitization said. “As the market for RVAS and tokenized cash registers obtained swing, beidl spreads in Solana – Blockain known for its speed, scalability and cost efficiency – Natural is the next step.”

The necessary market usually enables investors to earn interest at the discharges, but they come with trading restriction, such as limited working hours. Versions BlockChain Like Buidl allow permanent access.

Blackkrock is not alone. Franklin Templeton offers a similar tokenized fund that currently has a market capitalization of 692 billion dollars and 558 bearers and markets in the picture recently launched ILDS, an Stablecoin interest bearing. Other main tokenized treasure agents include Hashnote short duration of the coin (USIC) and the US dollar.

The tokenized treasury market is one of the fastest growing sectors among tokenized assets, growing almost six times over the past year and recently crossed 5 billion dollars of market capitalization, RVA.XIZ data display.