BlackRock, the global investment giant, is broadening its horizons in the blockchain sphere. The company is extending its blockchain-based money market fund to the Solana network, according to sources familiar with the matter. This expansion comes in collaboration with Securitize, a startup specializing in digital asset securities.
This move underscores BlackRock’s growing interest in digital assets and its commitment to exploring new blockchain technologies. The expansion to Solana is expected to provide investors with increased accessibility and efficiency within the digital asset market.
The partnership with Securitize allows BlackRock to leverage the startup’s expertise in tokenization and blockchain infrastructure. The money market fund aims to offer investors a secure and regulated pathway for participating in digital asset markets. Further details about the specific fund and its offerings are anticipated to be announced in the coming weeks.
BlackRock CEO Larry Fink has previously voiced support for the potential of blockchain technology, particularly in its ability to enhance efficiency and transparency within the financial sector. This expansion marks a significant step in the company’s ongoing exploration of blockchain applications within its investment strategies.
