Overview
- Institutional clients can now pledge BUIDL as off-exchange collateral on Binance, keeping assets with a custody partner while trading on the exchange.
- Binance integrated BUIDL with banking triparty partners and its custody partner Ceffu to address operational and compliance requirements.
- BUIDL is launching a share class on BNB Chain, bringing the tokenized fund’s availability to eight public blockchains and expanding its DeFi and exchange utility.
- The BlackRock–Securitize product holds about $2.5 billion in assets, distributes yield from U.S. Treasuries at roughly 3.7%–4% recently, and carries management fees of about 0.2%–0.5%.
- Access is limited to large institutional investors, with reporting indicating a $5 million minimum subscription to the fund.