Binance Accepts BlackRock’s BUIDL Tokenized Fund as Trading Collateral
BlackRock’s BUIDL fund expands to BNB Chain via Securitize and Wormhole, enhancing access to tokenized U.S. yield assets and integration into institutional trading on Binance.
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Summary
BlackRock’s USD institutional digital liquidity fund (BUIDL) has launched on BNB Chain through Securitize and Wormhole, providing qualified investors exposure to tokenized U.S. yield assets. Binance will now accept BUIDL as collateral for institutional and advanced traders, with assets remaining under third-party custody to reduce counterparty risk. Since debuting in March 2024, BUIDL has grown to $2.5 billion in assets, reflecting the accelerating adoption of tokenized real-world assets in blockchain-based trading.
Terms & Concepts
- BUIDL: BlackRock’s blockchain-based tokenized investment product representing shares in a U.S. Treasury money market fund.
- Off-exchange collateral: Assets posted with a custody partner rather than directly on an exchange, used to secure trading positions while maintaining compliance.
- BNB Chain: A blockchain network developed by Binance supporting smart contracts and decentralized applications.