BlackRock is making waves again as the Crypto Management giant recently expanded its blockchain presence. According to a new announcement from technology partner Securitize, the world’s largest asset manager is currently adding a blockchain-based money market fund to Solana.
Just In: BlackRock adds a blockchain-based money market fund to Solana.
– watcher.guru (@watcherguru) March 25, 2025
Navigating market volatility and security risks with BlackRock’s Solana funds
Buidl’s recent addition to Solana appears to reflect BlackRock’s broader strategy to address Crypto’s various regulatory challenges, but blockchain is more accessible to mainstream investors. The fund first launched on Ethereum, but now grows across seven different blockchains, with Solana as the latest addition.
Growing Tokenized Fund Ecosystem
At this point, Buidl is able to collect about $1.7 billion in assets, and is actually projected to exceed $2 billion by early April. This Solana tokenized fund essentially offers investors a relatively safe and yielding alternative within a rather unstable cryptocurrency ecosystem.
“We’re looking forward to seeing you in the future,” said Michael Sonnenshein, COO of Securitize.
“We’re not bouring them. We’re flying around, moving forward and advancing some of the lack of quotation flaws that the money market may have in its traditional form.”
Meet the needs of the market 24/7
One of the main issues with traditional money market funds is that they only operate during normal business hours. This creates significant limitations for crypto traders operating in markets that don’t actually close. The BlackRock Crypto initiative addresses the volatility of the cryptocurrency market by providing stable options that can function continuously, thereby enhancing crypto investment security for all participants.
It is worth noting that traditional stub coins like USDT and USDC don’t actually generate yields for the people who hold them. BlackRock’s blockchain-based funds are trying to fill this particular gap by providing alternatives of interest while maintaining the convenience of placing assets in the chain.
Competing in tokenized financial sector
BlackRock is not just pursuing these tokenized traditional financial products. Other major players such as Franklin Templeton and Figure Market currently offer similar products in the market. This indicates that there is growing institutional interest in addressing the regulatory challenges of crypto, while also providing safer investment options.
BlackRock’s broader crypto strategy
This Solana tokenized fund launch actually represents only one small part of BlackRock’s much more comprehensive crypto strategy. In January 2024, Asset Manager launched the Spot-Bitcoin ETF, which already attracted nearly $40 billion from investors.
Larry Fink, CEO of BlackRock, highlighted:
“ETFs are step 1 of the technological revolution in financial markets. Step 2 will be tokenization of all financial assets.”
The future of on-chain finance
Lily Liu, president of the Solana Foundation, emphasized:
“Our vision for why on-chain finance adds more value is because you can do more with assets on the chain with those assets than if you were sitting in your securities account.”
The ongoing expansion of BlackRock Crypto shows an increase in institutional trust despite the sustained market volatility of the space. Their specific approach to security of crypto investments through regulated and tokenized products may help address some of the scalability issues while providing a more robust solution to the crypto regulatory challenges faced by many investors today.
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