Blackrock’s Tokenized Money Market Fund, Buidl, has become available at Solana, announced Securitize and marked another step in Asset Manager’s Push for Blockchain-based financing.

The expansion makes Buidl available on seven blockchains, including Ethereum, Polygon, Aptos, Arbitum and Optimism. Only 62 wallets currently have buidl on-chain, but according to rwa.zyz data.

The fund, officially Blackrock USD Institutional Digital Liquidity Fund, combines a short-term dividend-bearing portfolio of cash and US Treasury with settlement and transfer features in Blockchain. Since the introduction at Ethereum in 2023, the fund has drawn at $ 1.7 billion and is on its way to crossing $ 2 billion in early April, according to Securitize.

“In the year since Buidl’s launch, we have experienced significant growth in demand for tokenized assets in the real world, strengthening the value of bringing products to institutional qualities on-chain,” said Carlos Domingo, co-founder and CEO of Securitize, in a statement. “As the market for RWAS and Tokenized Treasury is gaining momentum, it is a natural next step to expand Buidl to Solana – a blockchain known for its speed, scalability and cost -effectiveness.”

Money market funds typically allow investors to earn interest in available cash, but they come with trade restrictions such as limited operating hours. Blockchain versions such as Buidl allow for constant access.

Blackrock is not alone. Franklin Templeton offers a similar tekenized fund that currently has a market value of $ 692 billion and 558 holders, and figure markets recently launched ÅLS, an interest -bearing stableecoin. Other large tokenized Ministry of Finance Ministry of the Hashnote Short Duration Yield (Usyc) and Ondo US Dollar yield.

The tokenized Treasury Market is one of the fastest growing sectors among tokenized assets that grow almost six times in the past year and recently cross $ 5 billion in market value, RWA.xyz data shows.