BlackRock’s $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is now available on Binance and the BNB Chain, Securitize announced Thursday.
The fund, backed by U.S. Treasuries, can be used as collateral for trades on the world’s largest cryptocurrency exchange, giving institutional investors a new tool to manage digital assets.
BUIDL debuted last March as a tokenized money market fund and has since expanded to eight blockchains. Its integration into Binance and BNB Chain adds a widely requested interest-bearing, stable asset to the exchange for institutional clients.
“We’re continuing to bring regulated real-world assets on-chain while unlocking new forms of utility that were previously out of reach,” said Carlos Domingo, co-founder and CEO of Securitize.
The fund currently has about 93 holders and offers a weekly yield averaging 3.7% annualized, according to RWA.XYZ. Binance institutional head Catherine Chen said the integration was made through Ceffu, the exchange’s custody service.
The news reflects growing Wall Street adoption of Binance products despite past regulatory scrutiny. BlackRock’s move follows similar offerings from Robinhood, Coinbase, and Kraken, which have all listed BNB this year.
BNB traded around $924 on Friday, down 3.4% for the day. The coin reached an all-time high of $1,370 last month and has gained 48% over the past year, though recent losses have mirrored broader crypto market declines.
