Overview
- BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL) is now eligible as off-exchange collateral on Binance for institutional clients.
- A new BUIDL share class has gone live on BNB Chain, opening the tokenized Treasury asset to that network’s DeFi ecosystem.
- Securitize provides the compliant tokenization and administration for BUIDL while Wormhole enables cross-chain utility.
- Binance integrated BUIDL with triparty banking arrangements and its custody partner Ceffu so clients can post collateral without moving assets on-exchange.
- BUIDL has about $2.5 billion on public blockchains, pays an annualized yield reported around 3.7%–4%, charges management fees near 0.2%–0.5%, and remains limited to qualified investors.