BlackRock’s Tokenized Fund Gets Listed as Collateral on Binance, Launches on BNB Chain

BlackRock's tokenized U.S. Treasury fund (BUIDL), issued by Securitize, will now be accepted as collateral for institutional trading on Binance, allowing traders to post the token with a custody partner rather than directly on the exchange. This provides institutional clients more flexibility to use yield-generating assets while adhering to compliance frameworks, as requested by clients seeking interest-bearing stable assets for collateral. Furthermore, Securitize is expanding the tokenized fund to the BNB Chain, increasing its interoperability by allowing its use within the ecosystem's decentralized finance (DeFi) applications. BUIDL, which currently holds $2.5 billion in assets, is the largest tokenized money market fund on public blockchains, and this expansion integrates foundational elements of traditional finance into the onchain finance arena.

(Source：CoinDesk)