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Solana Gets a $1.7 Billion Boost as BlackRock Expands Tokenized Funds
In a recent development, BlackRock, one of the world’s largest asset managers, has announced its decision to expand its tokenized funds on Solana, resulting in a massive $1.7 billion investment.
The announcement comes as a significant boost for Solana, which has seen rapid growth and adoption in recent times. The news further cements Solana’s position in the blockchain landscape, solidifying its potential to be a major player in the decentralized finance (DeFi) and tokenized funds sectors.
As per reports, BlackRock has brought its Bitcoin ETP to Europe on Tuesday, commencing trading on Xetra and in Euronext Paris and Amsterdam. Furthermore, Franklin Templeton also entered the blockchain scene by launching a money fund on Solana in February.
This shows an increasing interest among major financial groups to utilize blockchain for investment products.
Source: https://bitcoinist.com/solana-gets-a-1-7-billion-boost-as-blackrock-expands-tokenized-funds/
