BlackRock’s BUIDL Fund Expands to Binance and BNB Chain
- BlackRock’s $2.5 billion Institutional Digital Liquidity Fund (BUIDL) will be accepted as collateral on Binance.
- The fund is expanding its access to the BNB Chain, marking its availability on eight blockchains.
- BUIDL offers an annualized yield of approximately 3.7%, with around 93 holders currently.
- Binance’s institutional clients have shown interest in stable, interest-bearing assets like BUIDL.
- The integration of BUIDL into Ceffu, a Binance-owned custody service, has drawn attention from the U.S. SEC.
BlackRock’s expansion of the BUIDL fund to Binance and the BNB Chain highlights Wall Street’s growing engagement with cryptocurrency platforms. The fund’s acceptance as collateral provides new opportunities for institutional traders seeking stable, interest-bearing digital assets.
This development underscores BlackRock’s strategy to bring regulated real-world assets on-chain while enhancing utility for institutional investors through partnerships with major exchanges like Binance.(Source)
