Binance Approves BUIDL Fund as Collateral: What’s Next for BNB Chain?

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TLDRBlackRock has launched its BUIDL Fund on BNB Chain, expanding access to tokenized U.S. dollar yields for investors.The expansion introduces a new share class on BNB Chain, offering faster settlement and lower fees for qualified investors.Binance has approved BUIDL as off-exchange collateral, enabling firms to trade tokenized Treasuries without transferring custody.Securitize and Wormhole are the core infrastructure providers supporting BlackRock’s expansion on the BNB Chain network.The launch marks a significant step in integrating regulated real-world assets with decentralized finance on BNB Chain.BlackRock’s BUIDL Fund has launched on BNB Chain, offering investors new opportunities to gain exposure to tokenized U.S. dollar yields. The expansion introduces a new share class on the network, enabling faster settlement, lower fees, and continuous peer-to-peer transfer options. The move brings the largest tokenized real-world asset to one of the most active blockchain ecosystems globally.Securitize and Wormhole Power the ExpansionSecuritize and Wormhole are the two infrastructure providers facilitating BlackRock’s expansion on BNB Chain. According to the official announcement, Securitize plays a crucial role by providing the regulatory and technical foundation for the on-chain offering. The company manages over $4 billion in assets and specializes in tokenization, transfer agency services, and fund administration.“We are excited to extend BUIDL to BNB Chain, unlocking new financial opportunities for tokenized real-world assets,” said a spokesperson from Securitize.The launch of the new share class on BNB Chain represents a step forward in integrating traditional finance with decentralized finance.Binance has approved the BUIDL Fund as off-exchange collateral for institutional trading, enabling firms to back trading positions with tokenized U.S. Treasuries without transferring custody to the exchange. The approval comes as part of Binance’s broader strategy to provide secure access to digital assets for institutional investors.Binance emphasized that this development strengthens its commitment to secure, controlled, and efficient access to blockchain-based assets. This new option allows firms to manage risk while leveraging the potential of regulated U.S. dollar yields in their trading strategies.The approval marks a key milestone in the evolution of tokenized finance. Institutions can now use tokenized Treasuries to support trading positions directly through Binance, enhancing capital efficiency and streamlining the process for investors.BNB Chain Supports Broader Capital Efficiency and Institutional GrowthBNB Chain’s expansion of the BUIDL Fund showcases the growing intersection of traditional finance and blockchain technology. By enabling tokenized Treasuries and real-world assets to function within decentralized systems, BNB Chain is enhancing the programmability of financial instruments.This development follows a broader trend in the blockchain space, with networks like XRPL also boosting programmability amid growing activity around tokenized assets. BNB Chain’s role in this shift demonstrates its continued importance in the digital asset ecosystem, offering new utility and efficiency for both retail and institutional investors.This launch positions BNB Chain as a leading network for integrating real-world financial instruments with decentralized applications. As blockchain technology continues to grow, BNB Chain’s adoption of tokenized assets is set to drive further innovation in the financial sector.The post Binance Approves BUIDL Fund as Collateral: What’s Next for BNB Chain? appeared first on Blockonomi.