🤑💸 “BUIDL” Like Crazy: BlackRock Goes Solana! 🤯

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🚨 Breaking News! 🚨 BlackRock, the big cheese, the head honcho, the BIG DEAL, is expanding its money market fund, BUIDL (try saying that three times fast, we dare you!), to the Solana network! Because, why not? It’s already on six other blockchain networks (Ethereum, Aptos, Arbitrum, Optimism, Avalanche, and Polygon), so seven is the new six, right? 🤷‍♂️

Securitize, the real-world asset tokenization platform that’s BFFs with BlackRock, Apollo, and Hamilton Lane, made the announcement on Tuesday, March 25, 2025. We’re sure it was a Tuesday, because, you know, Tuesdays are for blockchain expansions… 🙄

So, what’s the big whoop about BUIDL? Well, it’s now available on Solana (SOL), offering U.S. dollar yield to qualified investors, and it’s already raking it in – over $1 billion in assets under management since its launch in March 2024! 💸 Not too shabby for a year’s work, if you ask us… 🤓

And don’t even get us started on the perks! Flexible custody with Copper, Anchorage Digital, and Fireblocks, and daily dividend payouts? Yes, please! 🤑 It’s like the blockchain equivalent of a never-ending pizza party! 🍕

Speed Demons and Penny Pinchers Rejoice! 🎉

Solana’s got speed, it’s got cost-effectiveness, and now it’s got BUIDL! What more could you ask for? 🤔 Investors are probably doing the happy dance, and we don’t blame them… 💃

“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 next step,” said Carlos Domingo, co-founder and CEO of Securitize, in a statement that’s totally not a sales pitch… 😏

By the numbers: BUIDL’s market cap is a whopping $1.7 billion, leaving Hashnote Short Duration Yield Coin ($764 million) and Franklin Templeton’s On-Chain U.S. Government Money Fund ($792 million) in the dust! 🚀 And, according to RWA.xyz, it’s seen a cool $235 million in the last 30 days. Not. Too. Shabby. 🤑

And because one expansion isn’t enough, BlackRock’s also taking its spot Bitcoin exchange-traded fund to Europe! 🇪🇺 Because, why not conquer the world, one blockchain at a time? 🌎

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2025-03-25 17:58