BlackRock’s BUIDL Gains Listed Status on Binance

BlackRock’s $2.5 billion tokenized U.S. Treasury fund, BUIDL, has taken a significant step forward in bridging traditional finance and blockchain innovation with its listing as off-exchange collateral on Binance, the world’s largest crypto exchange.

Tokenized by Securitize, BUIDL’s acceptance as off-exchange collateral means that traders can deposit the token with a third-party custody partner while maintaining active positions on Binance, offering more flexibility and regulatory compliance.

In a parallel move, a new version of the BUIDL token is now available on the BNB Chain — Binance’s blockchain — which increases its accessibility and utility across different blockchain ecosystems.

This development underscores the growing role of tokenized real-world assets (RWAs), such as funds, bonds, and credit instruments, as viable tools for collateralization and yield generation in the crypto economy.

The use of regulated, yield-generating assets such as BUIDL in crypto trading appears to be a positive sign of growing trust and infrastructure around tokenized finance.

As Robbie Mitchnick, BlackRock’s global head of digital assets, noted, this integration brings “foundational elements of traditional finance into the on-chain finance arena.”

With $2.5 billion in assets since its launch in March last year, BUIDL is now the largest tokenized money market fund on public blockchains. It has become a key building block in merging conventional banking with blockchain innovation.