BINANCE has announced that it is now supporting BlackRock’s tokenized fund, BUIDL, as collateral for its institutional off-exchange services.
This means big investors can use BUIDL — a tokenized version of short-term U.S. Treasury assets — when settling trades through Binance Banking Triparty or MirrorRSV.
A new BUIDL token class will also be available on the BNB Chain, making it easier for users to move and use the asset across different on-chain platforms.
What this means:
Binance is continuing to build safer and more efficient bridges between traditional finance and blockchain for its VIP and institutional clients.
About Binance Banking Triparty
This service lets institutions keep their assets with a regulated third-party bank while still trading on Binance. They can pledge assets like Treasury Bills as collateral, reducing counterparty risk and even earning yield while accessing Binance’s liquidity.
About MirrorRSV
MirrorRSV, created by Binance’s custody partner Ceffu, allows users to trade while their assets stay secure in cold wallets. Everything remains verifiable on-chain, giving institutions a transparent and safer trading experience.
About BUIDL
BUIDL is BlackRock’s first tokenized fund on a public blockchain. It’s a USD-based liquidity fund that pays daily dividends, works 24/7 on-chain, and is supported by regulated custodians.
Why this matters
With this update, Binance’s institutional users can now keep BUIDL with trusted banks or custodians, earn yield, and still trade smoothly on Binance. BUIDL joins other supported tokenized yield assets like USYC and cUSDO.
How to start
Institutions can now use Binance’s off-exchange settlement services to trade while safely holding their collateral outside the exchange.
