Overview
- Binance will now accept BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL) as off-exchange collateral for institutional trading, according to the companies.
- Securitize tokenizes and administers BUIDL and a new share class has been launched on BNB Chain, with cross-chain functionality supported by Wormhole.
- Binance integrated BUIDL with banking triparty partners and its custody partner Ceffu, enabling clients to pledge collateral while keeping assets with a custodian.
- BUIDL has gathered roughly $2.5 billion in assets and is the largest tokenized money market fund on public blockchains, RWA.xyz data shows.
- The fund is limited to qualified investors with reported minimums around $5 million and offers daily yield near 3.7%–4% with BlackRock management fees of about 0.2%–0.5%.