Binance, the world’s largest cryptocurrency exchange by trading volume and registered users, have announced that institutional clients can now use BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as off-exchange collateral when trading on the platform. This integration, done in partnership with Securitize, the leader in tokenizing real-world assets, provides traditional and crypto-native institutions with a yield-bearing, tokenized real-world asset (RWA) they can securely hold while accessing deep liquidity on Binance.
BlackRock is the world’s largest asset manager, and BUIDL is the largest tokenized fund with more than $2.5 billion in assets. The fund invests in assets like U.S. Treasury bills, which means the investors earn yield while holding the BUIDL token on the blockchain.
„Our institutional clients have asked for more interest-bearing stable assets they can hold as collateral while actively trading on our exchange“
said Catherine Chen, Head of VIP & Institutional at Binance.
„Integrating BUIDL with our banking partners meets their needs and enables our clients to confidently scale allocation while meeting compliance requirements.“
„This milestone highlights our continued focus on transforming tokenization from concept to practical market utility“
said Robbie Mitchnick, Global Head of Digital Assets at BlackRock.
„By enabling BUIDL to operate as collateral across leading digital market infrastructure, we’re helping bring foundational elements of traditional finance into the onchain finance arena.“
