BlackRock’s BUIDL Fund Launches on BNB Chain with Binance Approval
- BlackRock’s BUIDL Fund has launched on BNB Chain, providing access to tokenized U.S. dollar yields.
- The fund introduces a new share class that allows for daily dividends and exposure to short-term U.S. Treasury yields.
- Binance approved BUIDL as off-exchange collateral, enabling firms to back trading positions without transferring custody.
- Securitize supports the expansion, managing over $4 billion in assets and facilitating regulatory compliance and tokenization.
- This move enhances the programmability of real-world assets, integrating them into decentralized applications and exchanges.
The launch of the BUIDL Fund on BNB Chain represents a significant advancement in tokenized finance, allowing institutional investors greater access to digital assets while maintaining custody control.
With Binance’s approval for off-exchange collateral, firms can utilize tokenized Treasuries effectively, reflecting a growing trend towards integrating traditional financial instruments with blockchain technology. (Source)
