- BUIDL, the $2.5 billion tokenized fund from BlackRock, is now accessible on BNB Chain and usable as collateral.
- The integration uses platforms including Securitize, Wormhole, and Ceffu to support regulatory compliance and custody.
- BUIDL is backed by U.S. Treasury bills and offers a 4% yield to investors.
- The launch introduces a new share class for qualified investors on BNB Chain, allowing on-chain access to U.S. dollar-denominated yields.
- Acceptance as collateral provides increased capital efficiency for investors and institutions.
Binance announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), the world’s largest tokenized real-world asset fund, is now available on BNB Chain. BUIDL, which manages about $2.5 billion in assets, can be used as collateral on the platform. This move is supported by integration with Securitize, Wormhole, and custody provider Ceffu, enabling regulated, U.S.-dollar-based assets to operate within the BNB Chain network.
BUIDL, which pays a 4% yield and is backed by U.S. Treasury bills, offers qualified investors a new share class through BNB Chain. The fund’s ability to be used as collateral, facilitated by triparty banking partners, allows both individuals and institutions to access liquidity or leverage without the need to sell their holdings. According to Sarah Song, Head of Business Development at BNB Chain, “BNB Chain is designed for scalable, low-cost, and secure financial applications, and we’re excited to welcome BUIDL to our ecosystem. It enables entirely new types of investment strategies on-chain.”
Wider adoption of BUIDL as a collateral asset is seen as a significant step for decentralized finance, allowing investors to increase capital efficiency through blockchain-based solutions. Recent market activity showed that BNB’s price decreased by 0.2% in the last 24 hours, while the overall cryptocurrency market value dropped to $3.35 trillion and Bitcoin declined by 3.1%. Current data indicates Bitcoin’s price traded near $96,000 at the time of writing. Additional sentiment data showed retail outlook on BNB as bearish and sentiment on Bitcoin moving from bullish to neutral, as noted in recent market updates.
This development highlights a growing trend in making regulated, yield-generating assets accessible through blockchain networks, expanding the possibilities within the digital asset ecosystem.
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