BlackRock’s $2.5B Tokenized Fund Accepted as Collateral on Binance
- BlackRock’s tokenized U.S. Treasury fund, BUIDL, is now accepted as collateral for institutional trading on Binance.
- Using BUIDL allows traders to post the token with a custody partner instead of directly on the exchange.
- Securitize is expanding BUIDL to the BNB Chain, enhancing its use in decentralized finance (DeFi) applications.
- BUIDL has accumulated $2.5 billion in assets since its launch in March.
- The fund pays out yields to token holders from underlying U.S. Treasury holdings.
This move aligns with growing interest in tokenized real-world assets (RWA) within the crypto economy, allowing investors to earn yields while maintaining compliance frameworks.
By integrating BUIDL as collateral, Binance enhances trading flexibility for institutional clients seeking yield-generating assets, reflecting a significant shift towards traditional finance elements in blockchain systems.
