Blackrock, the active management giant, is accelerating in decentralized finance. After Ethereum, the global asset management giant is associated with Solana for its tokenized fund Buidl, thus opening a new era of competition between blockchains.
Blackrock chooses Solana to energize her tokenized monetary fund
Blackrock intensifies his investments in cryptocurrencies. Indeed, the leader in asset management announces the deployment of his tokenized fund on Solana. Initially launched on Ethereum, it is appointed Buidl. Each of its shares is represented by a token on the blockchain.
This fund is announced as combining “The safety of traditional investments with innovative properties of the blockchain register” And already displays a solid success. In November 2024, the BlackRock Buidl extended on 5 new blockchains: Aptos, Arbitrum, Avalanche, Optimism and Polygon. Today, the build is therefore available On 7 different blockchainsillustrating the tokenization that affects many traditional financial assets.
🪙 What is token and what sectors transform?
With $ 1.7 billion already collected and A 2 billion threshold expected by early April According to a Securitize spokesperson, this expansion towards Solana is a clear desire to diversify the blockchain platforms used by BlackRock.
“” We make these funds less boring Underlines Michael Sonnenshein, director of operations at Securitize. The objective is clear: to offer an alternative blockchain to conventional financial products by overcoming ” The impairments that monetary markets can meet in their traditional formats ».
Realt: Invest in real estate from $ 50
Tokenization and traditional finance: a convergence that accelerates
Why did you choose Solana? This choice REdges on the technical performance of this blockchainin particular its speed, its low transaction costs and its scalability, ideal characteristics for high volume financial products.
The decision to integrate Solana also reveals a deep development in the needs of investors. For Lily Liu, president of the Solana Foundation, “on-chain” finance brings an undeniable added value: ” We can do more with these assets on the blockchain than to simply keep them in a traditional brokerage account ».
🗞️ Blackrock launches his very first andp Bitcoin in Europe
Blackrock does not hide his ambition. After launching an ETF Bitcoin in January 2024, Cumulating nearly $ 40 billion According to Sosovalue, Larry Fink, his CEO, clearly says that ” ETFs are the first step in the technological revolution in financial markets. The second step will be the tokenization of all financial assets ».
Trade Republic: buy cryptos and actions in 5 minutes
Source: Fortune
The crypto newsletter n ° 1 🍞
Receive a summary of crypto news every day by email 👌
Certain links present in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner gives us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
After training in journalism, I worked for a few years in general press before discovering the world of personal finance and the scholarship. Fallen into cryptos since 2020, I am particularly interested in the decryption of news that influence the Cryptos markets. My goal? Always teach my readers more by providing the most precise and the most just possible information.
Justine Ferrari
31 articles
