Solana News: BlackRock Integrates Solana into Its Blockchain Fund, Highlighting Crypto’s Mainstream Adoption

In a groundbreaking move, global investment giant BlackRock has integrated Solana into its tokenized money fund, BUIDL. This decision not only underscores the growing convergence between the crypto and traditional finance worlds but also signals a significant step towards mainstreaming cryptocurrency investment.

BlackRock Adopts Solana For Its Blockchain Fund

The world of crypto continues to blur the boundaries with traditional finance. This time, BlackRock is making headlines by integrating Solana into its tokenized money fund, BUIDL. This decision underscores that blockchain is no longer a marginal experiment but is becoming the backbone of an ongoing financial revolution. Since the launch of BUIDL in 2023, BlackRock has systematically integrated into the crypto ecosystem. This fund, designed to combine the stability of traditional money markets with the agility of blockchains, has just added Solana to its portfolio. Consequently, investors can now access it via seven blockchains, including Solana (SOL).

BUIDL Tokenized Fund Expands to Solana, Nears $2B Market Cap

BUIDL, BlackRock’s tokenized money market fund, has expanded to the Solana blockchain as its market capitalization nears $2 billion. Since its launch in March 2024, the fund has seen substantial growth in the tokenized treasury market, reaching a $1.7 billion market cap. The integration with Solana could boost BUIDL’s 24/7 accessibility and investor reach, further solidifying BlackRock’s leadership in tokenized assets.

Cboe Submits Filing to List Fidelity Solana ETF

Cboe has submitted a filing to the U.S. Securities and Exchange Commission that would allow the exchange to list shares of a Fidelity exchange-traded fund tracking the price of Solana. The19b-4 form, filed Tuesday, is a major step in the SEC’s approval process, although Fidelity must still file an S-1 registration statement describing the product. The filing comes just days after Fidelity registered a Delaware Trust entity for its Solana fund, which would be based on the performance of the sixth largest digital asset by market capitalization. The token was recently trading at about $145, up nearly 1.2% in the past 24 hours, according to data provider CoinGecko.

Seek Protocol – AR On Solana

Seek Protocol, founded by Don Reijke (CTO) and Lukas Novotny (COO), is blending cutting-edge innovation with human experience at the crossroads of Augmented Reality (AR), Artificial Intelligence (AI), and Web3. The initiative aims to revolutionize how people interact with the digital and physical worlds by creating an ecosystem where creativity, ownership, and exploration converge. Seek Protocol offers dynamic and immersive experiences, including gamified experiences (GameFi), personalized AI-driven interactions, and AR-enhanced interactions. The mission is to redefine how users engage with digital ecosystems, blurring the lines between reality and imagination. Although the article does not explicitly mention Solana by name in this excerpt, the instruction set suggests a connection, implying Seek Protocol may be leveraging Solana’s technology for its AR applications.