BlackRock’s BUIDL Surpasses $250M TVL on Solana

BlackRock’s BUIDL fund, a tokenized money market vehicle backed by U.S. Treasuries and cash equivalents, has surpassed $250 million in total value locked on Solana, marking a major milestone for institutional-grade real-world assets (RWAs). The achievement pushes Solana’s total RWA value above $800 million, up more than 200% year-to-date, with over 100,000 unique holders now active across the ecosystem.

Originally launched on Ethereum in early 2025, BUIDL expanded to Solana in April to leverage its low-cost, high-speed architecture for institutional liquidity operations. The Solana deployment now represents a growing share of the fund’s total $2.8 billion AUM, as liquidity rotates from congested networks toward faster settlement layers. The fund offers stable yields of 4–5% APY with full SEC registration and onchain redemption, bridging traditional market compliance with blockchain accessibility.

The milestone reinforces Solana’s position as a leading RWA infrastructure. Institutions such as Ondo Finance, Superstate, and Galaxy have joined the wave, pushing total tokenized Treasuries on Solana to record levels. As the tokenized finance market approaches $50 billion by year-end, Solana’s combination of throughput, cost-efficiency, and stablecoin depth continues to attract both Wall Street capital and onchain innovators.

As this institutional momentum deepens, Trojan stands as the interface where onchain liquidity becomes actionable. Through Trojan’s terminal, traders can monitor, analyze, and execute in real time as Solana’s RWA layer transforms into the backbone of digital markets.