Binance stated that allowing institutional clients to hold BUIDL and other tokenized RWAs off-exchange will allow them to comply with internal risk controls, unlocking greater participation and scalability in digital asset trading, a move that will benefit both market stability and institutional engagement. Also read | Flexicap investment funds had the highest inflow in October for the third month in a row. Are investors betting on flexibility in times of volatility?This development follows Binance’s announcement in July to support RWAs USCY and cUSDO as off-exchange collateral, marking another step in the company’s growing commitment to tokenized assets.
At the same time, BUIDL is launching a new share class on the BNB Chain network, one of the world’s leading blockchain ecosystems, expanding investor access and interoperability with other on-chain financial applications. “BUIDL’s expansion into BNB Chain and its use as collateral on Binance further expands its reach and utility,” said Carlos Domingo, co-founder and CEO of Securitize. “We continue to bring real-world regulated assets into the chain while unlocking new forms of utility that were previously out of reach.” “Our institutional clients have been asking for more interest-bearing stable assets that they can hold as collateral while actively trading on our exchange,” said Catherine Chen, Head of VIP & Institutional at Binance. “BUIDL’s integration with our three-party banking partners and our crypto-native custody partner, Ceffu, meets their needs and allows our customers to confidently scale allocation while meeting compliance requirements,” Chen further said.
“BNB Chain is designed for scalable, low-cost and secure financial applications, and we are excited to welcome BUIDL to our ecosystem,” said Sarah Song, Head of Business Development at BNB Chain. “BUIDL turns real-world assets into programmable financial instruments, enabling entirely new types of on-chain investment strategies.”
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“This milestone highlights our continued focus on transforming tokenization from concept to practical market use,” said Robbie Mitchnick, Global Head of Digital Assets at BlackRock. “By enabling BUIDL to operate as collateral within the leading digital market infrastructure, we are helping to bring fundamental elements of traditional finance into the on-chain financial arena.”
Launched in March 2024, BUIDL was BlackRock’s first tokenized fund issued on a public blockchain, tokenized by Securitize, and provides qualified investors with access to US dollar returns with flexible custody, daily dividend payouts and 24/7/365 peer-to-peer transfers.
This integration builds on BUIDL’s availability in other leading networks including Arbitrum, Aptos, Avalanche, Ethereum, Optimism, Polygon and Solana.
Binance is the leading global blockchain ecosystem behind the world’s largest crypto exchange by trading volume and users, and Securitize, the leader in tokenizing real-world assets,
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