BlackRock's BUIDL Fund Debuts on BNB Chain with Binance Support
BlackRock's BUIDL Fund has launched on BNB Chain, expanding access to the largest tokenized real-world asset and introducing a new share class for investors to gain onchain exposure to tokenized U.S. dollar yields.
BNB Chain Expansion Broadens BUIDL's Capabilities
The expansion, supported by Securitize and Wormhole, enhances BlackRock's blockchain strategy. Binance's approval of BUIDL as off-exchange collateral for institutional trading enables firms to back positions with tokenized Treasuries without transferring custody.
Binance emphasized this milestone as a commitment to secure digital asset access, aligning with other endorsements like Kyrgyzstan's addition of BNB to its crypto reserves. BNB Chain views this launch as a pivotal step in tokenized finance's evolution, providing regulated U.S. dollar yields to a dynamic blockchain ecosystem.
Streamlined BUIDL Utilization on BNB Chain
BUIDL Fund offers daily dividends and exposure to short-term U.S. Treasury yields, becoming the largest tokenized real-world asset. The BNB Chain share class offers faster settlements, lower fees, and peer-to-peer transfers, enhancing its usability in DeFi and institutional contexts.
Securitize, overseeing the regulatory and technical expansion, manages over $4 billion in assets and supports tokenization, transfer agency functions, and fund administration. Securitize highlighted BUIDL's BNB Chain expansion and Binance collateral approval as unlocking unmatched financial utility.
Real-World Assets as Institutional Financial Instruments
BNB Chain demonstrates how real-world assets evolve from static records to programmable financial tools, interoperating with crypto exchanges, custodians, and decentralized applications. This supports capital efficiency and new trading strategies, mirroring industry trends such as XRPL's programmability upgrades amid BUIDL activity.
Binance affirmed BUIDL's off-exchange collateral approval as a step towards secure institutional digital asset access, optimizing control, yield, security, and capital efficiency. Securitize noted BUIDL's BNB Chain expansion enhances accessibility and opens new opportunities for regulated real-world assets.