BlackRock’s $2.5Bn tokenized Treasury fund is now in Binance’s collateral system, making it accessible for everyday crypto trading. The fund, BUIDL, is approved for institutional clients to use as off-exchange collateral. BUIDL is the largest tokenized US Treasury product on public blockchains with assets exceeding $2.5Bn.

In response to demand, Binance added BUIDL to its off-exchange collateral system, allowing institutional clients to hold interest-bearing stable assets while actively trading on the exchange. BUIDL is the first BlackRock product added to Binance’s collateral pool. The fund aims to hold a stable $1 value and pays daily dividends to investors.

The addition of BNB Chain share class brings the total number of networks BUIDL runs on to nine, emphasizing a clear multi-chain approach. Two-thirds of BUIDL’s assets now sit outside Ethereum, showing the fund’s growth and reach in the market. BNB traded near $920, slightly higher amid volatile market swings.

Securitize CEO, Carlos Domingo, highlights BUIDL’s extended reach and utility as collateral, showcasing the practical use of regulated real-world assets in trading. The fund’s expansion draws attention back to BNB and the broader BNB Chain ecosystem amidst market volatility. BUIDL represents a significant step in bridging traditional finance with the crypto world.

Read more at Yahoo Finance: Did Binance Just Checkmate Institutional Capital? BUIDL Crypto Goes Live as Binance Collateral