Did Binance Just Checkmate Institutional Capital? BUIDL Crypto Goes Live as Binance Collateral
BlackRock’s $2.5Bn tokenized Treasury fund has moved into Binance’s collateral system, pulling a Wall Street-grade instrument straight into everyday crypto trading.
BlackRock, Securitize, and Binance announced on November 15 that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now approved as off-exchange collateral for institutional clients.
A new share class of the fund also went live on BNB Chain on Friday. The update gives larger traders a way to post yield-bearing US Treasury exposure while they execute deals on Binance, and they can use the same asset inside one of the busiest DeFi networks in the market.
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Binance has…
