Binance Integrates @BlackRock's BUIDL Fund as Collateral Asset

@binance officially accepts the BlackRock BUIDL Fund (tokenized by @Securitize) as an off-exchange collateral asset for institutional clients.

🔑

Key Points

- Institutions can hold BUIDL at a third-party custodian while still trading on Binance, reducing counterparty risk.

- BUIDL will launch a new share class on the BNB Chain, expanding the ability to tokenize traditional assets into DeFi.

-> This is the first yield-bearing tokenized asset supported by Binance as collateral.

🧩

Benefits for Institutions

- Earn USD interest on BUIDL

- Use it as trading margin without needing to transfer assets to the exchange

- Comply with banking standards – fitting within the organization's risk management framework

🌐

Market Significance

- Another legally tokenized RWA used in crypto trading

- Reflects the trend of traditional finance × blockchain moving into practical application, no longer just an experiment