BlackRock is moving its BUIDL fund to Solana, looking to capitalize on the blockchain’s efficiency. This will enable investors to enjoy lower transaction costs and quicker settlements, a strategic partnership with Securitize highlights the company’s commitment to tokenized finance.

Carlos Domingo, Co-founder and CEO of Securitize, emphasized the natural fit of Solana for tokenized assets due to its speed and cost efficiency. Similarly, Lily Liu from the Solana Foundation celebrated this expansion as a significant boost for user adoption in this sector.

Solana is demonstrating strong performance against Ethereum, with significant advantages in trading volume and transaction fees. Recent metrics show SOL has risen by 3.83% to 144.51 USD, while ETH only increased by 0.87% to 2,069.30 USD, indicating a potential shift in market leadership.