😱 Solana Snags BlackRock’s BUIDL: Institutional Crypto Game Amped Up! 😱

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In a move that would make the ancients of Wall Street turn in their gilded graves, Solana has become the unlikely host to the grandest of yield-bearing tokenized treasuries. A press release, no doubt typed with a wry smile, informs us that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has now embraced Solana, dragging traditional money market funds kicking and screaming into the blockchain era.

BUIDL Bounds onto Solana, Aiming for the Stars (Or At Least Lower Fees)

After a year of whispers and schemes, BlackRock, in cahoots with Securitize, has unfurled the BUIDL flag upon the Solana shores. Securitize, with a flourish of their quill, announced this audacious development, heralding the arrival of a new share class on Solana.

With this Solana sojourn, BUIDL’s investors can now frolic with their tokenized funds across the vast and whimsical Solana ecosystem. Securitize and BlackRock, with a twinkle in their eyes, are dreaming of the day when transaction costs are but a memory and settlements are as instant as a conjurer’s trick.

“As the market for RWAs and tokenized treasuries hurtles forward with the force of a runaway carriage, planting BUIDL’s flag on Solana—a blockchain vaunted for its speed, scalability, and cost efficiency—is as natural as a duchess taking to the high seas,” quipped Securitize CEO Carlos Domingo, no doubt with a sly grin.

THIS STORY DEVELOPS, MUCH LIKE A FINE WINE—ONLY TIME WILL TELL IF IT’S A CORKER.

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2025-03-25 16:50