BlackRock, Binance partner on BUIDL integration and launch on BNB Chain
BlackRock's tokenized Treasury fund, BUIDL, is launching on BNB Chain and becoming collateral on Binance.Summary
BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), the largest tokenized Treasury fund representing over $2.5 billion, is expanding its presence by launching on the BNB Chain. This partnership allows BUIDL to be used as off-exchange collateral for trading on Binance, fulfilling institutional client demand for interest-bearing stable assets to use while actively trading. BUIDL, issued by Securitize, functions similarly to a stablecoin and is already live on Ethereum and several other Layer 1 and Layer 2 networks. Binance noted this integration further establishes BUIDL as a foundational element of on-chain finance, enabling capital deployment efficiencies for its global institutional and advanced trading user base.
(Source：The Block)