The largest tokenized Treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), is extending onto BNB Chain as the world’s largest asset manager and the world’s largest crypto exchange partner.
As of Friday, BUIDL, representing over $2.5 billion in invested capital, can also be used as off-exchange collateral for trading on Binance.
“This further establishes BUIDL’s role as a foundational building block of onchain finance, by enabling the exchange’s global user base of institutional and advanced traders to unlock new efficiencies in capital deployment while maintaining exposure to tokenized Treasuries,” Binance and BlackRock wrote in a statement.
According to Head of VIP & Institutional at Binance Catherine Chen, BUIDL is being integrated with Binance’s triparty banking agents, which typically act as a source of short-term, secured funding between buyers and sellers, and the exchange’s crypto-native custody partner, Ceffu.
“Our institutional clients have asked for more interest-bearing stable assets they can hold as collateral while actively trading on our exchange,” Chen said.
BUIDL is a tokenized product that aims to keep a peg to the U.S. dollar, meaning it functions similarly to stablecoins as a collateral option.
The fund, issued by Securitize, is already live on the Ethereum mainnet, as well as Layer 1s like Aptos, Avalanche, and Solana, and Ethereum extensions like Arbitrum, Polygon, and Optimism.
BNB Chain has had a breakout year, largely driven by the interest in HyperLiquid rival derivative platform, Aster, and integrations with Binance Alpha and Binance Wallet. Major platforms like real-world asset issuer Ondo Finance have begun integrating with BNB Chain.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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