BlackRock's BUIDL Fund has officially launched on BNB Chain, becoming collateral recognized by the Binance platform.
TL;DR
BlackRock's BUIDL fund has launched on BNB Chain via Securitize and Wormhole, enabling accredited investors to access tokenized USD-yielding assets. It is now recognized as collateral on Binance, offering efficient capital allocation for institutional traders.
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According to ChainCatcher, BlackRock's BUIDL fund has officially launched on BNB Chain through the security token platform Securitize and the cross-chain protocol Wormhole.
The BUIDL Fund opens a new channel for accredited investors to allocate tokenized USD-yielding assets within the BNB Chain network by introducing a new share class on the BNB Chain. The fund will also become collateral recognized by the Binance trading platform, providing institutional and experienced traders with a new path for efficient capital allocation without abandoning their exposure to tokenized government bonds.