BlackRock Adds Solana to Its Tokenized Asset Fund—$SOL Surges 23%

BREAKING: BlackRock Adds Solana to Its Tokenized Asset Fund—$SOL Surges 23%

Wall Street's heaviest hitter is now officially backing Solana.

In a landmark decision that may redefine institutional involvement in crypto, BlackRock, the world’s largest asset manager with over $10 trillion AUM, has formally integrated Solana (SOL) into its tokenized asset fund, sending shockwaves across both traditional finance and the blockchain industry.

Following the announcement, SOL surged over 23% within hours, crossing the $70 mark and igniting a wave of bullish momentum across the entire Solana ecosystem.

🚀 Why Solana?

According to BlackRock's press release, the decision to incorporate Solana stems from the blockchain's exceptional speed, low fees, and growing DeFi ecosystem. Unlike Ethereum, which has struggled with scalability, Solana processes up to 65,000 transactions per second (TPS) with sub-second finality, making it a prime candidate for real-world tokenized assets.

BlackRock stated:

“We believe Solana’s efficiency and developer activity make it uniquely positioned for institutional-grade asset tokenization.”

The move echoes growing sentiment across institutional circles that tokenization of real-world assets (RWAs)—from bonds and treasuries to real estate and funds—is the next trillion-dollar opportunity in finance.

🧠 The Tokenization Trend Accelerates

BlackRock’s blockchain division, spearheaded by Robert Mitchnick, has been aggressively expanding its presence in the digital asset space. Earlier this year, it launched the BUIDL fund, a fully tokenized money market fund on Ethereum. Now, with the inclusion of Solana, BlackRock is taking a multi-chain approach to asset tokenization.

A representative close to the initiative noted:

“Solana's performance and growing community of developers make it a logical choice. We're looking at cross-chain solutions for broader scalability.”

📈 Market Reaction: SOL Rockets Upward

In the 24 hours following the news, SOL spiked from $56 to over $70, with trading volume surging past $3.2 billion, its highest daily figure since November 2021. Major crypto exchanges including Binance, Coinbase, and Kraken reported unusually high buy-side pressure on SOL pairs.

Crypto analyst @RektCapital tweeted:

“This is Solana’s ETF moment. The BlackRock effect is very real.”

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Other Solana ecosystem tokens such as Jito (JTO), Marinade (MNDE), and Drift (DRIFT) also saw double-digit gains, underscoring renewed investor optimism across the network.

🏦 Institutional Adoption Is Here

BlackRock isn’t the only TradFi titan jumping into Solana. Recent months have seen:

• Franklin Templeton trialing Solana for tokenized treasuries

• Visa settling USDC payments on Solana

• Jump Crypto continuing to fund Solana-based infrastructure

With BlackRock now validating Solana for real-world financial applications, the network is becoming increasingly institutional-grade.

🌐 What This Means for Crypto

Solana’s inclusion marks a paradigm shift in how institutions view Layer 1 chains. While Ethereum has long been the standard for tokenization, BlackRock’s diversification into Solana suggests a future where multiple high-performance blockchains coexist, each optimized for different use cases.

Crypto researcher Linda Chen noted:

“Ethereum might be the ‘Microsoft Office’ of blockchains, but Solana is quickly becoming the ‘Adobe Photoshop’—faster, more specialized, and now with BlackRock’s endorsement.”

🔮 What’s Next for Solana?

The short-term market outlook appears bullish, with price targets near $85 if momentum continues. But beyond price action, the real story is the validation of Solana’s infrastructure by Wall Street’s most conservative players.

More importantly, this could spark a wave of copycat integrations by other major asset managers such as Vanguard, Fidelity, and Invesco, potentially pouring billions into Solana-based funds.

Meanwhile, the Solana Foundation announced that it would be hosting a global summit in Q4 focused entirely on institutional adoption and tokenized finance, expected to draw heavyweights from both DeFi and traditional finance.

📣 Final Thoughts

This move isn’t just a big win for Solana—it’s a major milestone for the entire crypto industry. It shows that institutional players are moving from observation to active participation, betting big on public blockchain networks as the future rails of global finance.

If there were ever any doubts about Solana’s legitimacy among institutional investors, BlackRock just erased them—with authority.