BlackRock's BUIDL Fund Expands to Binance and BNB Chain
BlackRock's BUIDL Fund Expands to Binance and BNB Chain
BlackRock's $2.5 billion BUIDL fund is expanding its reach by being accepted as off-exchange collateral for trading on Binance, a move expected to significantly boost its popularity. This collaboration between Securitize, BlackRock, and Binance highlights growing institutional integration with major crypto platforms, particularly involving the BNB Chain.
BUIDL Fund Integrates with Binance Ecosystem
Securitize and Binance have officially announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will now be utilized as off-exchange collateral for trading on Binance. This strategic integration is poised to enhance the accessibility and popularity of BUIDL, a digital asset fund spearheaded by BlackRock, the world's leading asset manager. The move underscores increasing institutional confidence and participation within the digital asset space, particularly leveraging established platforms like Binance and its associated BNB Chain.