Blackrock, one of the world’s largest asset executives, is taking a remarkable step towards the Solana Blockchain network. The company plans to integrate the tokenized money market fund into Solana. This development increased the impact of blockchain technology in the crypto currency market, while Solana’s price increased by 19 %. Experts emphasize that the fund provides financial flexibility to investors thanks to the 24/7 transaction possibilities offered by the fund.
Technological move from Blackrock to Solana
Blackrock’s $ 1.7 billion tokenized money market funds, Buıdl is integrated into the Solana network. This move aims to combine traditional financial products with modern Blockchain infrastructure. The project first Ethereum $2,071.44 Six different Blockchain networks, including. Now Solana is added as the seventh supported network.
The fund provides investors short -term cash management, while at the same time offers 24 -hour trading. This flexibility, which is not found in traditional money market funds, stands out as a serious advantage for corporate investors. In addition, the returns obtained through the fund can be monitored instantly.
The fact that Solana gained 19 %of the week after this development shows that investors are positively approaching the project. The advantages of Blockchain infrastructure, such as low trading costs and high trading speed, make the use of such funds more attractive.
Experts draw attention to flexibility and speed
Michael Sonnenshein, COO of the Tokenization platform, which works with Blackrock, says they want to make money market funds more accessible. Sonnenshein says they aim to overcome the limitations of classic investment formats with Blockchain technology.
Similarly, the President of Solana Foundation Lily Liu draws attention to the advantages of the in -chain finance. Liu states that in traditional brokerage accounts, passive beings can now be used more actively.
Such funds provide an advantage not only with the width of the trading hours, but also in terms of transparency and follow -up. The unchanged nature of the records above chain offers investors a safe and uninterrupted monitoring.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
