BlackRock’s Tokenized Money Market Fund Expands to Solana Blockchain, Approaches $2 Billion Market Capitalization

BlackRock’s BUIDL at $1.7 Billion Market Cap

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has expanded to the Solana blockchain, marking a significant milestone in its growth trajectory. As of March 2025, BUIDL’s market capitalization has approached the $2 billion mark.

Carlos Domingo, Founder and CEO of Securitize, a real-world asset (RWA) tokenization platform, welcomed the Solana network to the BUIDL, marking the tokenized money market fund’s expansion to another blockchain network.

Goals and Objectives

According to Michael Sonnenshein, Chief Operating Officer of Securitize, the fund aims to make off-chain assets “unboring.” The executive cited that BUIDL is advancing some of the deficiencies of money markets in their traditional formats.

BUIDL’s Market Performance

RWA data platform rwa.xyz shows that BlackRock and Securitize’s BUIDL leads the Tokenized United States Treasurys in market capitalization. The platform’s data shows that the fund has a market capitalization of $1.7 billion and a nearly 34% market share.

BUIDL’s Tokenized US Treasurys List

BUIDL dominates the Tokenized US Treasurys list as the leading asset in its class. The tokenized product is followed by Hashnote, Franklin Templeton, and Ondo USDY.

Growth and Future Prospects

BUIDL has experienced significant growth in just seven months. In July 2024, BUIDL’s market capitalization first reached $500 million. Its current market capitalization represents 240% growth since July.

Dividend Payouts

BUIDL’s price is pegged to the US dollar and pays daily accrued dividends to investors each month through its Securitize partnership. As of August 2024, the fund had paid its holders $7 million in dividends.

Conclusion

BlackRock’s BUIDL has made significant strides in the tokenized money market, expanding to multiple blockchain networks, including Solana. With a market capitalization of $1.7 billion and a nearly 34% market share, BUIDL is poised for continued growth and success.

FAQs

What is BUIDL?

BUIDL is a tokenized money market fund launched by BlackRock in partnership with Securitize.

What is the current market capitalization of BUIDL?

BUIDL’s current market capitalization is $1.7 billion.

How does BUIDL make money?

BUIDL’s price is pegged to the US dollar and pays daily accrued dividends to investors each month through its Securitize partnership.

What is the future outlook for BUIDL?

BUIDL’s growth and market performance indicate a promising future, with continued expansion to multiple blockchain networks and a strong track record of success.

What are the key benefits of BUIDL?

BUIDL offers a tokenized product that makes off-chain assets “unboring” and provides a more efficient and accessible way to invest in the market.

How does BUIDL compare to other tokenized US Treasurys?

BUIDL dominates the Tokenized US Treasurys list as the leading asset in its class, with a market capitalization of $1.7 billion and a nearly 34% market share.