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Exclusive: BlackRock expands blockchain-based money market to Solana, in tie-up with startup Securitize

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  Print publication without navigation Published in Business and Finance on by Fortune
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BlackRock, the world's largest asset manager, has expanded its blockchain-based money market fund to the Solana blockchain through a partnership with the startup Securitize. This move aims to enhance the efficiency and accessibility of financial transactions by leveraging blockchain technology. The fund, known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), was initially launched on the Ethereum blockchain. By integrating with Solana, BlackRock seeks to tap into Solana's high transaction speeds and lower costs, potentially attracting more institutional investors to digital assets. This collaboration with Securitize, which specializes in tokenizing real-world assets, underscores a growing trend of traditional finance embracing blockchain to streamline operations and open new investment avenues.

Read the Full Fortune Article at:
[ https://www.msn.com/en-au/money/savingandinvesting/exclusive-blackrock-expands-blockchain-based-money-market-to-solana-in-tie-up-with-startup-securitize/ar-AA1BCDeg ]