BlackRock Expands $2.5B BUIDL Fund to BNB Chain for Institutional Access

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integration of conventional finance and blockchain. BlackRock BUIDL is now available for qualified investors on BNB Chain and can be used as collateral on Binance, expanding institutional access and utility for tokenized US dollar yields.With these partnerships, the companies are broadening BUIDL access through BNB Chain, and its use in enabling collateral use on Binance is a notable advancement for tokenized assets.BUIDL’s multi-chain launch supported by Securitize marks a significant step in bridging traditional financial instruments with the programmability and efficiency of blockchain systems. Qualified investors can now gain exposure to tokenized US dollar yields on-chain, while institutional traders can use BUIDL as compliant collateral for their activity on Binance.Securitize’s involvement is critical, providing not just the tokenization but also regulatory and technical infrastructure to support the fund’s compliance and administration, with Wormhole covering over $4 billion in tokenized real-world assets since 2018. Utility for BUIDL is enhanced as users can now leverage it for new strategies within both DeFi and traditional finance.Carlos Domingo, Co-founder and CEO of Securitize, commented: “Expanding BUIDL to the BNB Chain and making it available as collateral on the Binance exchange further extends its accessibility and reinforces our mission to bring regulated rea l-world assets onchain while unlocking new forms of utility that were previously out of reach.”BlackRock’s BUIDL fund is valued at approximately $2.5 billion, making it the largest tokenized money market fund on public blockchains, representing nearly half of the global tokenized US Treasury market.Since its creation at the beginning of 2024, the BlackRock Buidl fund has partnered with many big players in the industry, including Ripple to integrate RLUSD, Frax Finance to add frxUSD, and Hidden Road to begin integration across major exchanges.Now, with BNB Chain and Binance support, the fund is rapidly integrating traditional and on-chain finance.Read original story BlackRock Expands $2.5B BUIDL Fund to BNB Chain for Institutional Access by José Rafael Peña Gholam at Coinspeaker.comTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,734.11 -3.38 (-0.05%)Dow 3047,147.48 -309.72 (-0.65%)Nasdaq22,900.59 +30.19 (+0.13%)Russell 20002,388.23 +5.25 (+0.22%)VIX19.83 -0.17 (-0.85%)Gold4,094.20 -100.30 (-2.39%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,445.32 +648.34 (+0.68%)ETH-USD Ethereum USD 3,164.22 +38.13 (+1.22%)XRP-USD XRP USD 2.23 -0.02 (-0.85%)SOL-USD Solana USD 139.28 -0.25 (-0.18%)BTC-CAD Bitcoin CAD 133,943.19 +909.86 (+0.68%)Top economic events